Shares of Globe Specialty Metals Inc. (NASDAQ:GSM) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the company. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.65.
A number of equities research analysts have weighed in on the company. B. Riley lowered Globe Specialty Metals from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.50 to $10.25 in a report on Thursday, August 25th. Zacks Investment Research lowered Globe Specialty Metals from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. Jefferies Group set a $11.00 price target on Globe Specialty Metals and gave the stock a “buy” rating in a research note on Monday, August 29th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $12.00 price target (down previously from $14.00) on shares of Globe Specialty Metals in a research note on Monday, August 29th. Finally, Stifel Nicolaus decreased their price target on Globe Specialty Metals from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 29th.
Globe Specialty Metals (NASDAQ:GSM) traded up 1.49% during midday trading on Thursday, hitting $8.86. The company had a trading volume of 139,978 shares. The stock’s 50-day moving average price is $8.79 and its 200-day moving average price is $9.02. Globe Specialty Metals has a 52-week low of $6.90 and a 52-week high of $14.48. The stock’s market cap is $1.52 billion.
Globe Specialty Metals (NASDAQ:GSM) last issued its quarterly earnings results on Friday, August 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.03. On average, equities research analysts expect that Globe Specialty Metals will post ($0.09) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, September 12th.
Globe Specialty Metals Company Profile
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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