Shares of Ferroglobe (NASDAQ:GSM) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.75.
Several brokerages have recently issued reports on GSM. Oppenheimer restated a “buy” rating on shares of Ferroglobe in a research note on Tuesday, May 8th. ValuEngine cut Ferroglobe from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Ferroglobe from $13.50 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday. BidaskClub upgraded Ferroglobe from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, TheStreet cut Ferroglobe from a “b” rating to a “c-” rating in a research report on Monday, May 7th.
Shares of Ferroglobe opened at $10.90 on Thursday, Marketbeat Ratings reports. Ferroglobe has a 52-week low of $10.00 and a 52-week high of $17.61. The stock has a market capitalization of $1.95 billion, a PE ratio of 83.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.54 and a quick ratio of 0.73.
Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Monday, May 21st. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Ferroglobe had a return on equity of 2.31% and a net margin of 1.45%. The firm had revenue of $560.70 million during the quarter, compared to analysts’ expectations of $559.12 million. equities analysts predict that Ferroglobe will post 1.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, June 7th.
A number of hedge funds have recently made changes to their positions in GSM. California Public Employees Retirement System increased its position in shares of Ferroglobe by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 435,800 shares of the basic materials company’s stock valued at $7,060,000 after buying an additional 3,700 shares in the last quarter. PEAK6 Investments L.P. increased its position in shares of Ferroglobe by 107.8% in the fourth quarter. PEAK6 Investments L.P. now owns 19,705 shares of the basic materials company’s stock valued at $319,000 after buying an additional 10,221 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Ferroglobe in the first quarter valued at approximately $110,000. Clinton Group Inc. purchased a new stake in shares of Ferroglobe in the first quarter valued at approximately $116,000. Finally, Trexquant Investment LP purchased a new stake in shares of Ferroglobe in the first quarter valued at approximately $125,000. Institutional investors own 43.52% of the company’s stock.
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicon metals that are used in personal care items, construction-related products, health care products, and electronics, as well as used in the manufacture of silicone chemicals; 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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