Ferroglobe PLC (NASDAQ:GSM) Given Consensus Rating of “Reduce” by Brokerages

Ferroglobe PLC (NASDAQ:GSM) has received an average rating of “Reduce” from the four analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.00.

Several research analysts have weighed in on the stock. B. Riley dropped their price objective on shares of Ferroglobe from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Zacks Research cut shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ferroglobe in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Ferroglobe from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th.

Institutional Trading of Ferroglobe

Several large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Ferroglobe by 820.5% in the 1st 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. Goldman Sachs Group Inc. raised its position in Ferroglobe by 32.6% in the first quarter. Goldman Sachs Group Inc. now owns 331,778 shares of the basic materials company’s stock worth $1,231,000 after purchasing an additional 81,611 shares in the last quarter. PDT Partners LLC acquired a new stake in Ferroglobe during the first quarter valued at approximately $313,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Ferroglobe in the 2nd quarter worth approximately $1,833,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Ferroglobe by 19.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,474 shares of the basic materials company’s stock worth $64,000 after buying an additional 2,838 shares during the period. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Stock Performance

Shares of NASDAQ GSM opened at $4.62 on Wednesday. Ferroglobe has a 1 year low of $2.97 and a 1 year high of $5.74. The firm has a market cap of $862.23 million, a P/E ratio of -6.24 and a beta of 1.13. The stock has a fifty day moving average price of $4.47 and a two-hundred day moving average price of $4.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.66.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). Ferroglobe had a negative net margin of 9.92% and a negative return on equity of 6.13%. The business had revenue of $311.70 million for the quarter, compared to the consensus estimate of $393.80 million. Research analysts forecast that Ferroglobe will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 22nd were issued a $0.014 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. Ferroglobe’s dividend payout ratio is currently -8.11%.

Ferroglobe Company Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.