Ferroglobe PLC (NASDAQ:GSM) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.25.

A number of equities analysts recently commented on GSM shares. Zacks Investment Research downgraded Ferroglobe PLC from a “hold” rating to a “sell” rating in a research report on Monday, May 22nd. B. Riley reissued a “buy” rating and set a $14.25 target price on shares of Ferroglobe PLC in a research note on Tuesday, May 23rd. BidaskClub raised Ferroglobe PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $12.00 target price on shares of Ferroglobe PLC in a research note on Wednesday, July 19th.

Ferroglobe PLC (NASDAQ:GSM) opened at 13.09 on Friday. The stock’s 50 day moving average price is $13.19 and its 200 day moving average price is $11.23. Ferroglobe PLC has a 52-week low of $8.17 and a 52-week high of $14.46. The company’s market cap is $2.25 billion.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners grew 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 valued at $51,814,000 after buying an additional 333,141 shares in the last quarter. Frontier Capital Management Co. LLC grew 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 valued at $43,306,000 after buying an additional 358,583 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $49,471,000 after buying an additional 589,969 shares in the last quarter. Thompson Siegel & Walmsley LLC grew 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 valued at $27,493,000 after buying an additional 431,473 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew 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 valued at $32,192,000 after buying an additional 2,350,450 shares in the last quarter. 38.15% of the stock is owned by institutional investors and hedge funds.

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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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