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

GSM has been the subject of several other reports. Zacks Investment Research raised Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, July 12th. TheStreet cut Ferroglobe PLC from a “c-” rating to a “d” rating in a report on Thursday, May 18th. ValuEngine upgraded Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC restated a “positive” rating and issued a $17.00 target price (up from $12.00) on shares of Ferroglobe PLC in a report on Friday. Finally, B. Riley restated a “buy” rating and issued a $14.25 target price on shares of Ferroglobe PLC in a report on Sunday, May 28th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Ferroglobe PLC presently has a consensus rating of “Buy” and a consensus price target of $13.88.

Ferroglobe PLC (NASDAQ GSM) traded up 2.39% on Friday, hitting $13.28. 694,323 shares of the company were exchanged. Ferroglobe PLC has a 52-week low of $7.67 and a 52-week high of $13.47. The stock’s 50-day moving average price is $12.68 and its 200-day moving average price is $10.97. The stock’s market capitalization is $2.28 billion.

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A number of hedge funds have recently modified their holdings of GSM. HighTower Advisors LLC boosted its stake in shares of Ferroglobe PLC by 0.4% in the second quarter. HighTower Advisors LLC now owns 41,492 shares of the basic materials company’s stock valued at $498,000 after buying an additional 150 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Ferroglobe PLC by 1.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 18,810 shares of the basic materials company’s stock valued at $194,000 after buying an additional 255 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Ferroglobe PLC by 10.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,011 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Ferroglobe PLC by 4.8% in the first quarter. Suntrust Banks Inc. now owns 27,693 shares of the basic materials company’s stock valued at $285,000 after buying an additional 1,261 shares during the last quarter. Finally, Budros Ruhlin & Roe Inc. boosted its stake in shares of Ferroglobe PLC by 17.2% in the second quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock valued at $163,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 40.94% of the company’s stock.

Ferroglobe PLC Company Profile

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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