A statement released earlier today by B. Riley about Ferroglobe PLC (NASDAQ:GSM) ups the target price to $10.25
- Updated: September 18, 2016
Boasting a price of $7.73, Ferroglobe PLC (NASDAQ:GSM) traded 0.00% even on the day. With the last stock close down 14.77% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the date range. GSM has logged a 50-day average of $9.06 and two hundred day average of $9.07. Trading volume was was down over the average, with 300 shares of GSM changing hands under the typical 851,236 shares.
Ferroglobe PLC (NASDAQ:GSM) had its price target upped to $10 by B. Riley in an issued report announced 9/19/2016. The updated target price indicates a possible upside of 0.33% from the company’s most recent stock close price.
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A total of 5 brokerages have reported on the company. Three analysts rate the company a strong buy, two analysts rate the stock a buy, one analyst rate the company a hold, 0 rate the company to underperform, and lastly 0 brokeragesrate the stock as sell with a one year target stock price of $14.10
Ferroglobe PLC has a one-year low of $6.90 and a 52 week high of $15.30 and has a market cap of $0.0.
About Ferroglobe PLC (NASDAQ:GSM)
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. It Electrometallurgy segment includes its coal and quartz mining operations and its silicon metal and ferroalloy production, whereas the Energy segment consists of its hydroelectric power operations. It currently operates approximately 20 production smelting facilities in the field of electrometallurgy: approximately five in Spain, over five in the United States of America, over six in France, over three in South Africa, one in Venezuela, one in Poland, one in Canada, one in Argentina and one in China. It diversifies its production base across approximately five continents, such as Africa, Asia, Europe, and North America and South America.
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