Ferroglobe (NASDAQ:GSM) Upgraded at ValuEngine

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ValuEngine upgraded shares of Ferroglobe (NASDAQ:GSM) from a sell rating to a hold rating in a research report released on Tuesday morning, ValuEngine reports.

GSM has been the topic of a number of other reports. Zacks Investment Research raised shares of Ferroglobe from a sell rating to a hold rating in a report on Thursday, May 2nd. BidaskClub raised shares of Ferroglobe from a sell rating to a hold rating in a report on Tuesday, April 16th. Finally, B. Riley set a $4.00 price target on shares of Ferroglobe and gave the stock a buy rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $7.43.

Shares of NASDAQ:GSM opened at $1.58 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $277.36 million, a P/E ratio of 5.64 and a beta of 2.26. Ferroglobe has a fifty-two week low of $1.44 and a fifty-two week high of $10.31.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, June 3rd. The basic materials company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). The company had revenue of $456.79 million during the quarter, compared to analysts’ expectations of $481.09 million. Ferroglobe had a negative return on equity of 0.37% and a net margin of 1.20%. Ferroglobe’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, analysts expect that Ferroglobe will post -0.43 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Ferroglobe by 2.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,237,407 shares of the basic materials company’s stock valued at $9,917,000 after purchasing an additional 172,102 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ferroglobe by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,530,030 shares of the basic materials company’s stock valued at $9,287,000 after purchasing an additional 132,338 shares during the last quarter. Boston Partners lifted its holdings in Ferroglobe by 3.9% during the fourth quarter. Boston Partners now owns 2,968,686 shares of the basic materials company’s stock valued at $4,721,000 after purchasing an additional 110,118 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ferroglobe by 20.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,955,111 shares of the basic materials company’s stock valued at $4,698,000 after purchasing an additional 506,039 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in Ferroglobe during the fourth quarter valued at about $2,980,000. 37.61% of the stock is currently owned by institutional investors.

About Ferroglobe

Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Ferroglobe (NASDAQ:GSM)

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