Ferroglobe PLC (NASDAQ:GSM) Given Average Rating of "Hold" by Analysts

Shares of Ferroglobe PLC (NASDAQ:GSM - Get Free Report) have earned a consensus rating of "Hold" from the three ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.

Several research analysts recently weighed in on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of Ferroglobe in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Ferroglobe from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, B. Riley lowered their target price on shares of Ferroglobe from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday.

Get Our Latest Stock Analysis on GSM

Institutional Investors Weigh In On Ferroglobe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Ferroglobe by 820.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 341,479 shares of the basic materials company's stock valued at $1,267,000 after acquiring an additional 304,381 shares in the last quarter. Maven Securities LTD raised its position in Ferroglobe by 168.1% in the first quarter. Maven Securities LTD now owns 107,228 shares of the basic materials company's stock valued at $398,000 after purchasing an additional 67,228 shares during the period. Envestnet Asset Management Inc. boosted its position in Ferroglobe by 72.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 288,746 shares of the basic materials company's stock valued at $1,071,000 after buying an additional 121,176 shares during the period. Old West Investment Management LLC increased its stake in Ferroglobe by 58.7% in the first quarter. Old West Investment Management LLC now owns 3,435,932 shares of the basic materials company's stock valued at $12,747,000 after purchasing an additional 1,270,625 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Ferroglobe by 32.6% during the first quarter. Goldman Sachs Group Inc. now owns 331,778 shares of the basic materials company's stock worth $1,231,000 after buying an additional 81,611 shares during the period. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Stock Performance

Shares of GSM traded down $0.25 during midday trading on Tuesday, hitting $3.67. 1,148,231 shares of the stock traded hands, compared to its average volume of 1,286,042. Ferroglobe has a 1-year low of $2.97 and a 1-year high of $5.74. The firm has a market capitalization of $683.98 million, a PE ratio of -6.43 and a beta of 1.83. The business's 50 day moving average price is $4.62 and its two-hundred day moving average price is $4.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.56.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its earnings results on Wednesday, November 5th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). Ferroglobe had a negative net margin of 6.99% and a negative return on equity of 2.85%. The company had revenue of $311.70 million for the quarter, compared to analysts' expectations of $393.80 million. Equities research analysts predict that Ferroglobe will post 0.33 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, December 22nd. Ferroglobe's payout ratio is -6.76%.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.

Featured Articles

• Five stocks we like better than Ferroglobe
• The How And Why of Investing in Oil Stocks
• Rumble’s $767M Acquisition Marks Bold Pivot Into AI Infrastructure
• Growth Stocks: What They Are, Examples and How to Invest
• SoftBank Exits NVIDIA—So What? Analysts Still See More Upside
• Utilities Stocks Explained – How and Why to Invest in Utilities
• Barrick's Golden Quarter: Boosts Buyback and Dividend

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Ferroglobe Right Now?

Before you consider Ferroglobe, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferroglobe wasn't on the list.

While Ferroglobe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here