BidaskClub downgraded shares of Ferroglobe (NASDAQ:GSM) from a sell rating to a strong sell rating in a research note published on Tuesday morning.

Several other analysts have also recently commented on the stock. Jefferies Financial Group set a $10.00 target price on shares of Ferroglobe and gave the stock a buy rating in a research note on Thursday, August 16th. Zacks Investment Research cut shares of Ferroglobe from a hold rating to a strong sell rating in a research note on Wednesday, July 25th. Stifel Nicolaus lowered their target price on shares of Ferroglobe from $19.00 to $13.00 and set a buy rating for the company in a research note on Friday, July 13th. TheStreet cut shares of Ferroglobe from a c- rating to a d+ rating in a research note on Friday, June 29th. Finally, ValuEngine cut shares of Ferroglobe from a sell rating to a strong sell rating in a research note on Friday, June 15th. Three investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Ferroglobe has an average rating of Hold and a consensus price target of $15.20.

Shares of GSM traded down $0.19 during mid-day trading on Tuesday, reaching $6.63. 586,203 shares of the company’s stock were exchanged, compared to its average volume of 811,534. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 0.68. Ferroglobe has a 52-week low of $6.41 and a 52-week high of $17.61. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 51.00 and a beta of 1.53.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Tuesday, August 21st. The basic materials company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05). The firm had revenue of $583.00 million during the quarter, compared to analysts’ expectations of $608.91 million. Ferroglobe had a return on equity of 8.53% and a net margin of 6.44%. The firm’s revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, equities analysts expect that Ferroglobe will post 0.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Wednesday, September 5th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, September 4th. This represents a $0.24 annualized dividend and a dividend yield of 3.62%. Ferroglobe’s dividend payout ratio is presently 184.62%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in shares of Ferroglobe by 53.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,580,156 shares of the basic materials company’s stock valued at $13,542,000 after buying an additional 548,803 shares during the period. Trexquant Investment LP grew its stake in shares of Ferroglobe by 568.3% during the 2nd quarter. Trexquant Investment LP now owns 77,610 shares of the basic materials company’s stock valued at $665,000 after buying an additional 65,997 shares during the period. Paradice Investment Management LLC grew its stake in shares of Ferroglobe by 16.3% during the 2nd quarter. Paradice Investment Management LLC now owns 5,173,241 shares of the basic materials company’s stock valued at $44,335,000 after buying an additional 726,887 shares during the period. Benefit Street Partners LLC grew its stake in shares of Ferroglobe by 42.2% during the 2nd quarter. Benefit Street Partners LLC now owns 657,030 shares of the basic materials company’s stock valued at $5,631,000 after buying an additional 195,030 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Ferroglobe by 22.1% during the 2nd quarter. Millennium Management LLC now owns 6,839,987 shares of the basic materials company’s stock valued at $58,619,000 after buying an additional 1,237,649 shares during the period. 41.29% of the stock is owned by institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.

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Analyst Recommendations for Ferroglobe (NASDAQ:GSM)

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