Somewhat Positive Press Coverage Somewhat Unlikely to Affect Ferroglobe PLC (GSM) Share Price

Press coverage about Ferroglobe PLC (NASDAQ:GSM) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ferroglobe PLC earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.6372747200068 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Several research firms have weighed in on GSM. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.75 price target (down previously from $17.00) on shares of Ferroglobe PLC in a report on Thursday, August 31st. Zacks Investment Research raised Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub raised Ferroglobe PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ferroglobe PLC in a report on Sunday, September 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $16.00 price target on shares of Ferroglobe PLC in a report on Sunday, September 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.60.

Ferroglobe PLC (NASDAQ:GSM) opened at 14.19 on Wednesday. The company’s 50 day moving average price is $13.44 and its 200-day moving average price is $11.62. The stock’s market capitalization is $2.44 billion. Ferroglobe PLC has a one year low of $8.54 and a one year high of $15.09.

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Ferroglobe PLC Company Profile

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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