Globe Specialty Metals Inc. (gsm) to Issue Quarterly Dividend of $0.08 on December 29th
Globe Specialty Metals Inc. (NASDAQ:gsm) announced a quarterly dividend on Monday, November 14th. Investors of record on Thursday, December 8th will be given a dividend of 0.08 per share on Thursday, December 29th. This represents a $0.32 annualized dividend and a yield of 2.80%. The ex-dividend date is Tuesday, December 6th.
Shares of Globe Specialty Metals (NASDAQ:GSM) opened at 11.41 on Thursday. The company has a 50-day moving average of $9.90 and a 200 day moving average of $9.10. Globe Specialty Metals has a 12-month low of $6.90 and a 12-month high of $13.17. The stock’s market capitalization is $1.96 billion.
GSM has been the topic of several research reports. Jefferies Group set a $11.00 target price on Globe Specialty Metals and gave the stock a “buy” rating in a research note on Monday, August 29th. Stifel Nicolaus cut their price target on Globe Specialty Metals from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 29th. Robert W. Baird upgraded Globe Specialty Metals from a “neutral” rating to a “buy” rating in a report on Monday, September 19th. B. Riley upgraded Globe Specialty Metals from a “neutral” rating to a “buy” rating and set a $10.25 price target on the stock in a report on Monday, September 19th. Finally, Zacks Investment Research upgraded Globe Specialty Metals from a “sell” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Globe Specialty Metals presently has an average rating of “Buy” and a consensus target price of $12.79.
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About Globe Specialty Metals
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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