The stock of Ferroglobe PLC (NASDAQ:GSM) is a huge mover today! About 110,934 shares traded hands. Ferroglobe PLC (NASDAQ:GSM) has declined 3.54% since March 3, 2016 and is downtrending. It has underperformed by 11.88% the S&P500.
The move comes after 7 months positive chart setup for the $1.53 billion company. It was reported on Oct, 6 by Barchart.com. We have $12.60 PT which if reached, will make NASDAQ:GSM worth $642.60M more.
Ferroglobe PLC (NASDAQ:GSM) Ratings Coverage
Out of 8 analysts covering Globe Specialty Metals (NASDAQ:GSM), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Globe Specialty Metals has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Ferroglobe PLC (NASDAQ:GSM) has “Overweight” rating given on Monday, March 21 by JP Morgan. B. Riley & Co downgraded Ferroglobe PLC (NASDAQ:GSM) on Thursday, August 25 to “Neutral” rating. Robert W. Baird upgraded Ferroglobe PLC (NASDAQ:GSM) on Monday, September 19 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Tuesday, November 3 with “Buy”. The firm has “Buy” rating by Jefferies given on Monday, June 13. The company was maintained on Monday, November 9 by B. Riley & Co. Stifel Nicolaus maintained the shares of GSM in a report on Monday, January 11 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 5. Briley maintained Ferroglobe PLC (NASDAQ:GSM) rating on Monday, August 29. Briley has “Neutral” rating and $8.50 price target. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 29 report.
According to Zacks Investment Research, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of ParÃ¡, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais IndÃºstria e ComÃ©rcio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China.”
More notable recent Ferroglobe PLC (NASDAQ:GSM) news were published by: Forbes.com which released: “Ex-Dividend Reminder: CSG Systems International, Lam Research and Ferroglobe” on September 08, 2016, also Marketwatch.com with their article: “Ferroglobe PLC price target dropped to $16 from $17 at Stifel” published on December 21, 2009, Streetinsider.com published: “Oppenheimer Cuts Price Target on Ferroglobe plc (GSM) to $12; Reiterates …” on August 26, 2016. More interesting news about Ferroglobe PLC (NASDAQ:GSM) were released by: Stockhouse.com and their article: “Ferroglobe PLC Announces Dividend” published on August 03, 2016 as well as Nasdaq.com‘s news article titled: “Ferroglobe PLC (GSM) Ex-Dividend Date Scheduled for September 12, 2016” with publication date: September 09, 2016.
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