Investment Analysts’ Weekly Ratings Changes for Ferroglobe PLC (GSM)

Ferroglobe PLC (NASDAQ: GSM) recently received a number of ratings updates from brokerages and research firms:

• 7/25/2017 – Ferroglobe PLC was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
• 7/21/2017 – Ferroglobe PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “
• 7/19/2017 – Ferroglobe PLC had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $12.00 price target on the stock.
• 7/12/2017 – Ferroglobe PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “
• 7/6/2017 – Ferroglobe PLC was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
• 6/28/2017 – Ferroglobe PLC was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
• 5/28/2017 – Ferroglobe PLC had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $14.25 price target on the stock.

Ferroglobe PLC (NASDAQ:GSM) opened at 13.03 on Thursday. Ferroglobe PLC has a 52-week low of $7.67 and a 52-week high of $13.11. The company has a 50 day moving average of $11.70 and a 200 day moving average of $10.61. The company’s market capitalization is $2.24 billion.

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.