Ferroglobe PLC (GSM) Stock Rating Upgraded by BidaskClub

Ferroglobe PLC (NASDAQ:GSM) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other brokerages also recently commented on GSM. Zacks Investment Research downgraded shares of Ferroglobe PLC from a “buy” rating to a “hold” rating in a report on Friday, July 21st. B. Riley reaffirmed a “buy” rating and set a $14.25 target price on shares of Ferroglobe PLC in a report on Sunday, May 28th. Jefferies Group LLC reaffirmed a “positive” rating and set a $17.00 target price (up previously from $12.00) on shares of Ferroglobe PLC in a report on Friday. TheStreet downgraded shares of Ferroglobe PLC from a “c-” rating to a “d” rating in a report on Thursday, May 18th. Finally, ValuEngine raised shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Ferroglobe PLC currently has an average rating of “Buy” and an average target price of $13.88.

Shares of Ferroglobe PLC (NASDAQ GSM) opened at 13.28 on Friday. The company has a 50 day moving average of $12.68 and a 200 day moving average of $10.97. Ferroglobe PLC has a 1-year low of $7.67 and a 1-year high of $13.47. The company’s market cap is $2.28 billion.

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A number of hedge funds have recently bought and sold shares of the stock. Boston Partners increased its stake in Ferroglobe PLC by 8.3% in the second quarter. Boston Partners now owns 4,335,985 shares of the basic materials company’s stock worth $51,814,000 after buying an additional 333,141 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Ferroglobe PLC by 9.4% in the first quarter. Frontier Capital Management Co. LLC now owns 4,192,298 shares of the basic materials company’s stock worth $43,306,000 after buying an additional 358,583 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Ferroglobe PLC by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,139,899 shares of the basic materials company’s stock worth $49,471,000 after buying an additional 589,969 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Ferroglobe PLC by 15.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 3,222,024 shares of the basic materials company’s stock worth $27,493,000 after buying an additional 431,473 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in Ferroglobe PLC by 684.5% in the second quarter. Deprince Race & Zollo Inc. now owns 2,693,853 shares of the basic materials company’s stock worth $32,192,000 after buying an additional 2,350,450 shares in the last quarter. 40.94% of the stock is owned by hedge funds and other institutional investors.

About Ferroglobe PLC

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.

Analyst Recommendations for Ferroglobe PLC (NASDAQ:GSM)

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