Stock of the Day: What’s Propelling Ferroglobe PLC to Increase So Much?

Stock of the Day: What's Propelling Ferroglobe PLC to Increase So Much?

The stock of Ferroglobe PLC (NASDAQ:GSM) is a huge mover today! About 200,704 shares traded hands. Ferroglobe PLC (NASDAQ:GSM) has risen 4.18% since April 5, 2016 and is uptrending. It has outperformed by 2.22% the S&P500.
The move comes after 8 months positive chart setup for the $1.67B company. It was reported on Nov, 8 by Barchart.com. We have $14.96 PT which if reached, will make NASDAQ:GSM worth $968.60M more.

Ferroglobe PLC (NASDAQ:GSM) Ratings Coverage

Out of 8 analysts covering Globe Specialty Metals (NASDAQ:GSM), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Globe Specialty Metals has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, September 19 by Robert W. Baird. On Tuesday, November 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. JP Morgan maintained the shares of GSM in a report on Monday, March 21 with “Overweight” rating. The firm earned “Neutral” rating on Thursday, August 25 by B. Riley & Co. Jefferies upgraded Ferroglobe PLC (NASDAQ:GSM) on Monday, June 13 to “Buy” rating. Briley maintained the stock with “Neutral” rating in Monday, August 29 report. The firm has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, January 11 report. The firm has “Buy” rating by B. Riley & Co given on Monday, November 9. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, August 29.

According to Zacks Investment Research, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China.”

More notable recent Ferroglobe PLC (NASDAQ:GSM) news were published by: Globenewswire.com which released: “Ferroglobe PLC Forms Insurance Trust” on November 08, 2016, also Nasdaq.com with their article: “Ferroglobe PLC (GSM) Ex-Dividend Date Scheduled for September 12, 2016” published on September 09, 2016, Marketwatch.com published: “Ferroglobe PLC price target dropped to $16 from $17 at Stifel” on December 21, 2009. More interesting news about Ferroglobe PLC (NASDAQ:GSM) were released by: Streetinsider.com and their article: “Oppenheimer Cuts Price Target on Ferroglobe plc (GSM) to $12; Reiterates …” published on August 26, 2016 as well as Quotes.Wsj.com‘s news article titled: “Ferroglobe PLC GSM (US: Nasdaq)” with publication date: February 11, 2011.

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