Ferroglobe PLC (GSM) Getting Favorable News Coverage, Study Shows
News stories about Ferroglobe PLC (NASDAQ:GSM) have been trending positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ferroglobe PLC earned a news sentiment score of 0.30 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.0380328871869 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Ferroglobe PLC (GSM) Receives “Buy” Rating from Stifel Nicolaus (americanbankingnews.com)
- Ferroglobe PLC’s (GSM) “Buy” Rating Reiterated at B. Riley (americanbankingnews.com)
- Jefferies Group LLC Reiterates “Buy” Rating for Ferroglobe PLC (GSM) (americanbankingnews.com)
- Zacks: Brokerages Anticipate Ferroglobe PLC (GSM) Will Post Quarterly Sales of $426.61 Million (americanbankingnews.com)
- Edited Transcript of GSM earnings conference call or presentation 30-Aug-17 1:00pm GMT (finance.yahoo.com)
Ferroglobe PLC (NASDAQ:GSM) opened at 14.27 on Tuesday. The firm has a 50-day moving average of $13.04 and a 200-day moving average of $11.10. The stock’s market capitalization is $2.45 billion. Ferroglobe PLC has a one year low of $7.67 and a one year high of $14.32.
A number of brokerages recently commented on GSM. BidaskClub downgraded shares of Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. B. Riley restated a “buy” rating and issued a $14.25 price objective on shares of Ferroglobe PLC in a research report on Sunday, May 28th. Jefferies Group LLC restated a “buy” rating and issued a $13.00 price objective on shares of Ferroglobe PLC in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Ferroglobe PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Finally, ValuEngine upgraded shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.44.
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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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