The stock of Ferroglobe PLC (NASDAQ:GSM) is a huge mover today! About 843,276 shares traded hands or 37.58% up from the average. Ferroglobe PLC (NASDAQ:GSM) has risen 13.13% since April 14, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.
The move comes after 8 months positive chart setup for the $1.98B company. It was reported on Nov, 16 by Barchart.com. We have $19.92 PT which if reached, will make NASDAQ:GSM worth $1.33 billion more.
Ferroglobe PLC (NASDAQ:GSM) Ratings Coverage
Out of 8 analysts covering Globe Specialty Metals (NASDAQ:GSM), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Globe Specialty Metals has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the shares of GSM in a report on Tuesday, November 15 to “Neutral” rating. Briley maintained the stock with “Neutral” rating in Monday, August 29 report. The company was maintained on Monday, August 29 by Stifel Nicolaus. The stock has “Overweight” rating given by JP Morgan on Monday, March 21. The stock of Ferroglobe PLC (NASDAQ:GSM) earned “Buy” rating by B. Riley & Co on Monday, November 9. Jefferies upgraded Ferroglobe PLC (NASDAQ:GSM) on Monday, June 13 to “Buy” rating. The stock of Ferroglobe PLC (NASDAQ:GSM) has “Neutral” rating given on Thursday, August 25 by B. Riley & Co. The firm earned “Buy” rating on Wednesday, August 5 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Monday, January 11. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, November 3 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 recent Ferroglobe PLC (NASDAQ:GSM) news were published by: Fool.com which released: “Why Ferroglobe PLC Stock Soared 17.3% Today” on November 10, 2016. Also Globenewswire.com published the news titled: “Ferroglobe PLC Forms Insurance Trust” on November 08, 2016. Streetinsider.com‘s news article titled: “Form 424B3 Ferroglobe PLC” with publication date: November 14, 2016 was also an interesting one.
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