Ferroglobe PLC (NASDAQ:GSM) Receives $5.57 Consensus Target Price from Analysts

Ferroglobe PLC (NASDAQ:GSM) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.57.

A number of research firms recently issued reports on GSM. BidaskClub raised Ferroglobe from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 11th. ValuEngine raised Ferroglobe from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut Ferroglobe from a “hold” rating to a “strong sell” rating in a research note on Friday, June 7th. Finally, B. Riley set a $5.00 target price on Ferroglobe and gave the stock a “buy” rating in a research note on Wednesday, June 5th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its holdings in shares of Ferroglobe by 2.6% in the fourth quarter. Northern Trust Corp now owns 185,446 shares of the basic materials company’s stock worth $295,000 after buying an additional 4,642 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ferroglobe by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,397,692 shares of the basic materials company’s stock worth $6,993,000 after buying an additional 199,408 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ferroglobe by 17.9% in the fourth quarter. Geode Capital Management LLC now owns 160,107 shares of the basic materials company’s stock worth $254,000 after buying an additional 24,256 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Ferroglobe in the fourth quarter worth about $274,000. Finally, Legal & General Group Plc boosted its holdings in shares of Ferroglobe by 339.8% in the fourth quarter. Legal & General Group Plc now owns 65,900 shares of the basic materials company’s stock worth $105,000 after buying an additional 50,915 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Shares of GSM stock traded down $0.01 on Friday, reaching $1.29. The company had a trading volume of 21,527 shares, compared to its average volume of 372,828. 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 cap of $214.78 million, a PE ratio of 4.59 and a beta of 2.27. The company has a 50-day moving average of $1.52 and a 200-day moving average of $1.93. Ferroglobe has a 12 month low of $1.16 and a 12 month high of $8.64.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Monday, June 3rd. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $456.79 million during the quarter, compared to the consensus estimate of $481.09 million. Ferroglobe had a net margin of 1.20% and a negative return on equity of 0.37%. The business’s revenue was down 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Sell-side analysts anticipate that Ferroglobe will post -0.52 earnings per share for the current year.

Ferroglobe Company Profile

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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