Globe Specialty Metals Inc. (NASDAQ:GSM) Receives $12.65 Average Price Target from Analysts
Shares of Globe Specialty Metals Inc. (NASDAQ:GSM) have earned a consensus rating of “Buy” from the seven analysts that are covering the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $12.65.
A number of equities research analysts have issued reports on the company. B. Riley cut Globe Specialty Metals from a “buy” rating to a “neutral” rating and cut their target price for the company from $12.50 to $10.25 in a research note on Thursday, August 25th. Jefferies Group upgraded Globe Specialty Metals from a “hold” rating to a “buy” rating and cut their target price for the company from $19.00 to $11.00 in a research note on Monday, June 13th. Zacks Investment Research cut shares of Globe Specialty Metals from a “hold” rating to a “sell” rating in a research note on Monday, August 29th. Robert W. Baird upgraded shares of Globe Specialty Metals from a “neutral” rating to a “buy” rating in a research note on Monday, September 19th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $12.00 price objective (down from $14.00) on shares of Globe Specialty Metals in a research note on Monday, August 29th.
Shares of Globe Specialty Metals (NASDAQ:GSM) opened at 8.87 on Thursday. The company has a 50-day moving average of $8.73 and a 200-day moving average of $9.02. The firm’s market capitalization is $1.52 billion. Globe Specialty Metals has a 52 week low of $6.90 and a 52 week high of $14.48.
Globe Specialty Metals (NASDAQ:GSM) last posted its earnings results on Friday, August 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.03. On average, equities analysts forecast that Globe Specialty Metals will post ($0.09) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Monday, September 12th.
Globe Specialty Metals 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.
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