Equities analysts forecast that Ferroglobe PLC (NASDAQ:GSM) will report $0.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Ferroglobe PLC’s earnings, with estimates ranging from $0.01 to $0.07. Ferroglobe PLC posted earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year over year growth rate of 133.3%. The firm is expected to issue its next earnings results on Monday, November 13th.

According to Zacks, analysts expect that Ferroglobe PLC will report full year earnings of $0.08 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.13. For the next fiscal year, analysts anticipate that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.53 to $1.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Ferroglobe PLC.

A number of research firms have weighed in on GSM. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.75 target price (down previously from $17.00) on shares of Ferroglobe PLC in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub raised shares of Ferroglobe PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Finally, B. Riley reaffirmed a “buy” rating and set a $16.00 target price on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.44.

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Several large investors have recently modified their holdings of the company. Boston Partners lifted its holdings in shares of Ferroglobe PLC by 8.3% during the second quarter. Boston Partners now owns 4,335,985 shares of the basic materials company’s stock worth $51,814,000 after purchasing an additional 333,141 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ferroglobe PLC by 16.6% during 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 purchasing an additional 589,969 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Ferroglobe PLC by 15.5% during 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 purchasing an additional 431,473 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Ferroglobe PLC by 684.5% during 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 purchasing an additional 2,350,450 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Ferroglobe PLC by 1.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,902,999 shares of the basic materials company’s stock worth $19,658,000 after purchasing an additional 30,153 shares during the period. Institutional investors own 38.50% of the company’s stock.

Ferroglobe PLC (NASDAQ GSM) traded down 0.07% on Thursday, reaching $13.52. The company’s stock had a trading volume of 617,078 shares. Ferroglobe PLC has a 12 month low of $8.54 and a 12 month high of $14.46. The firm’s market cap is $2.32 billion. The firm’s 50 day moving average is $13.33 and its 200-day moving average is $11.51.

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.

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