Ferroglobe (NASDAQ:GSM) Stock Rating Lowered by Seaport Res Ptn

Ferroglobe (NASDAQ:GSM) was downgraded by stock analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports. Seaport Res Ptn also issued estimates for Ferroglobe’s Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, FY2025 earnings at $0.15 EPS and FY2026 earnings at $0.55 EPS.

Separately, StockNews.com downgraded Ferroglobe from a “buy” rating to a “hold” rating in a report on Friday.

Ferroglobe Stock Up 3.2 %

Shares of GSM opened at $3.59 on Monday. Ferroglobe has a 1 year low of $3.45 and a 1 year high of $6.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $3.92 and a two-hundred day simple moving average of $4.21. The firm has a market cap of $674.51 million, a P/E ratio of 179.50 and a beta of 1.83.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $367.51 million during the quarter, compared to analysts’ expectations of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. On average, analysts forecast that Ferroglobe will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ferroglobe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. bought a new position in shares of Ferroglobe during the third quarter valued at about $2,900,000. Old West Investment Management LLC grew its position in shares of Ferroglobe by 233.4% in the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock worth $17,439,000 after buying an additional 2,631,024 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Ferroglobe by 26.8% during the third quarter. GSA Capital Partners LLP now owns 114,691 shares of the basic materials company’s stock valued at $532,000 after buying an additional 24,245 shares during the period. Royce & Associates LP raised its holdings in shares of Ferroglobe by 3.6% during the third quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company’s stock valued at $12,653,000 after acquiring an additional 94,260 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Ferroglobe by 234.5% in the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock worth $15,958,000 after acquiring an additional 2,442,507 shares during the period. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.