Ferroglobe PLC (NASDAQ:GSM)‘s stock had its “positive” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday, The Fly reports. They presently have a $17.00 price target on the basic materials company’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 31.07% from the stock’s previous close.

A number of other brokerages have also weighed in on GSM. Zacks Investment Research lowered shares of Ferroglobe PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. B. Riley reiterated a “buy” rating and set a $14.25 target price on shares of Ferroglobe PLC in a research report on Sunday, May 28th. BidaskClub lowered shares of Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. TheStreet lowered shares of Ferroglobe PLC from a “c-” rating to a “d” rating in a research report on Thursday, May 18th. Finally, ValuEngine upgraded shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $13.88.

Shares of Ferroglobe PLC (GSM) opened at 12.97 on Friday. The firm’s market cap is $2.23 billion. Ferroglobe PLC has a 52 week low of $7.67 and a 52 week high of $13.47. The firm has a 50-day moving average of $12.64 and a 200 day moving average of $10.95.

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Several large investors have recently made changes to their positions in GSM. Boston Partners increased its stake in shares of 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 during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of 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 during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of 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 during the last quarter. 40.94% of the stock is currently 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.

The Fly

Analyst Recommendations for Ferroglobe PLC (NASDAQ:GSM)

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