Ferroglobe PLC (NASDAQ:GSM) Earning Somewhat Favorable Press Coverage, Report Finds

Press coverage about Ferroglobe PLC (NASDAQ:GSM) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferroglobe PLC earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.3788171812553 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Ferroglobe PLC (NASDAQ GSM) traded up 0.63% on Friday, hitting $12.84. 446,983 shares of the stock were exchanged. The company has a 50-day moving average of $12.46 and a 200-day moving average of $10.87. Ferroglobe PLC has a 12 month low of $7.67 and a 12 month high of $13.47. The stock’s market cap is $2.21 billion.

A number of equities research analysts have issued reports on GSM shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Ferroglobe PLC in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. B. Riley reaffirmed a “buy” rating and issued a $14.25 price objective on shares of Ferroglobe PLC in a research report on Sunday, May 28th. Finally, TheStreet downgraded shares of Ferroglobe PLC from a “c-” rating to a “d” rating in a research report on Thursday, May 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ferroglobe PLC presently has a consensus rating of “Buy” and a consensus target price of $13.04.

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About Ferroglobe PLC

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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