Media headlines about Ferroglobe (NASDAQ:GSM) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferroglobe earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.9418879053783 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Ferroglobe (GSM) Cut to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- Fledgling Steel Giant Regains Flight (seekingalpha.com)
- Jefferies Group Weighs in on Ferroglobe PLC’s Q3 2018 Earnings (GSM) (americanbankingnews.com)
- Oppenheimer Comments on Ferroglobe PLC’s Q1 2018 Earnings (GSM) (americanbankingnews.com)
- Ferroglobe (GSM) PT Set at $19.00 by Jefferies Group (americanbankingnews.com)
Several brokerages have recently issued reports on GSM. Jefferies Group set a $19.00 price objective on Ferroglobe and gave the company a “buy” rating in a report on Monday. BidaskClub upgraded Ferroglobe from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research lowered Ferroglobe from a “hold” rating to a “strong sell” rating in a research note on Wednesday. ValuEngine lowered Ferroglobe from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus set a $23.00 price target on Ferroglobe and gave the company a “buy” rating in a research note on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.50.
Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Monday, February 26th. The basic materials company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Ferroglobe had a net margin of 1.45% and a return on equity of 2.32%. The business had revenue of $468.22 million during the quarter, compared to analysts’ expectations of $463.41 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. Ferroglobe’s revenue for the quarter was up 20.1% on a year-over-year basis. research analysts forecast that Ferroglobe will post 1.4 earnings per share for the current year.
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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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