BidaskClub upgraded shares of Ferroglobe (NASDAQ:GSM) from a hold rating to a buy rating in a research note published on Friday, December 22nd.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Ferroglobe from a buy rating to a hold rating in a report on Wednesday, September 6th. B. Riley restated a buy rating and set a $16.00 price target on shares of Ferroglobe in a research note on Sunday, September 3rd. Jefferies Group set a $18.00 price target on shares of Ferroglobe and gave the company a buy rating in a research note on Tuesday, November 28th. Stifel Nicolaus set a $23.00 target price on shares of Ferroglobe and gave the stock a buy rating in a report on Thursday, November 30th. Finally, ValuEngine lowered shares of Ferroglobe from a hold rating to a sell rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $19.25.
Shares of Ferroglobe (NASDAQ:GSM) traded down $0.10 during trading on Friday, reaching $16.52. 372,900 shares of the company’s stock were exchanged, compared to its average volume of 395,317. The firm has a market capitalization of $2,840.00, a price-to-earnings ratio of -11.55 and a beta of 1.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.09. Ferroglobe has a 1 year low of $8.54 and a 1 year high of $17.61.
Several institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its stake in Ferroglobe by 10.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 1,011 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Ferroglobe by 108.3% in the third quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 5,400 shares during the period. Invictus RG purchased a new position in shares of Ferroglobe in the third quarter worth approximately $146,000. Caxton Associates LP purchased a new position in shares of Ferroglobe in the third quarter worth approximately $151,000. Finally, Budros Ruhlin & Roe Inc. boosted its holdings in shares of Ferroglobe by 17.2% in the second quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock worth $163,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 36.50% of the company’s stock.
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Ferroglobe Company Profile
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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