Globe Specialty Metals Inc. Plans Quarterly Dividend of $0.08 (gsm)
Globe Specialty Metals Inc. (NASDAQ:gsm) announced a quarterly dividend on Monday, November 14th. Stockholders of record on Thursday, December 8th will be paid a dividend of 0.08 per share on Thursday, December 29th. This represents a $0.32 dividend on an annualized basis and a dividend 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 stock has a 50 day moving average of $9.90 and a 200-day moving average of $9.10. The company’s market capitalization is $1.96 billion. Globe Specialty Metals has a one year low of $6.90 and a one year high of $13.17.
Several equities research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and set a $14.25 price target on shares of Globe Specialty Metals in a research report on Sunday, November 20th. Zacks Investment Research cut shares of Globe Specialty Metals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Jefferies Group increased their price target on shares of Globe Specialty Metals from $10.25 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, November 15th. JPMorgan Chase & Co. cut shares of Globe Specialty Metals from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $10.00 in a research report on Tuesday, November 15th. Finally, Robert W. Baird raised shares of Globe Specialty Metals from a “neutral” rating to a “buy” rating in a research report on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.79.
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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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