Ferroglobe PLC (NASDAQ:GSM) received a $19.00 target price from Stifel Nicolaus in a report released on Friday. The firm presently has a “buy” rating on the basic materials company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 40.53% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Jefferies Group LLC set a $17.00 target price on Ferroglobe PLC and gave the stock a “buy” rating in a research note on Thursday. BidaskClub cut Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 16th. Zacks Investment Research cut Ferroglobe PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, B. Riley reissued a “buy” rating and set a $16.00 target price on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.40.

Shares of Ferroglobe PLC (GSM) traded up 9.10% during trading on Friday, reaching $14.75. The company’s stock had a trading volume of 1,608,670 shares. The company’s market capitalization is $2.54 billion. The stock has a 50 day moving average of $13.33 and a 200-day moving average of $11.51. Ferroglobe PLC has a 1-year low of $8.54 and a 1-year high of $15.09.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Ferroglobe PLC by 0.4% in the second quarter. HighTower Advisors LLC now owns 41,492 shares of the basic materials company’s stock valued at $498,000 after buying an additional 150 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Ferroglobe PLC by 10.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,011 shares in the last quarter. Budros Ruhlin & Roe Inc. grew its stake in shares of Ferroglobe PLC by 17.2% in the second quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock valued at $163,000 after buying an additional 2,000 shares in the last quarter. American International Group Inc. grew its stake in shares of Ferroglobe PLC by 7.1% in the first quarter. American International Group Inc. now owns 40,274 shares of the basic materials company’s stock valued at $416,000 after buying an additional 2,664 shares in the last quarter. Finally, Hosking Partners LLP grew its stake in shares of Ferroglobe PLC by 1.6% in the second quarter. Hosking Partners LLP now owns 450,794 shares of the basic materials company’s stock valued at $5,387,000 after buying an additional 7,283 shares in the last quarter. 38.50% of the stock is owned by institutional investors and hedge funds.

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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