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

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Ferroglobe PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. B. Riley reaffirmed a “buy” rating and issued a $16.00 price target on shares of Ferroglobe PLC in a report on Sunday, September 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of Ferroglobe PLC in a report on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Ferroglobe PLC in a report on Sunday, September 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $14.44.

Shares of Ferroglobe PLC (NASDAQ GSM) traded up 0.15% during trading on Friday, hitting $13.09. 1,246,221 shares of the company traded hands. Ferroglobe PLC has a 52-week low of $8.17 and a 52-week high of $14.46. The stock’s market capitalization is $2.25 billion. The company has a 50-day moving average of $13.19 and a 200-day moving average of $11.23.

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Several hedge funds have recently bought and sold shares of GSM. Russell Investments Group Ltd. boosted its holdings in shares of Ferroglobe PLC by 617.7% in the first quarter. Russell Investments Group Ltd. now owns 1,029,063 shares of the basic materials company’s stock valued at $10,630,000 after acquiring an additional 885,677 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Ferroglobe PLC by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 418,779 shares of the basic materials company’s stock valued at $4,326,000 after acquiring an additional 9,648 shares during the period. Suntrust Banks Inc. boosted its holdings 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 acquiring an additional 1,261 shares during the period. Parkwood LLC acquired a new stake in shares of Ferroglobe PLC in the first quarter valued at approximately $162,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Ferroglobe PLC by 34.9% in the first quarter. Parametric Portfolio Associates LLC now owns 172,823 shares of the basic materials company’s stock valued at $1,785,000 after acquiring an additional 44,692 shares during the period. 38.15% of the stock is owned by institutional investors and hedge funds.

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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