Auriga Reiterates Buy on Globe Specialty Metals (GSM)

By admin | 6 years ago

Globe Specialty Metals (NYSE: GSM)‘s stock had its “buy” rating restated by equities researchers at Auriga in a report issued on Monday.

Shares of Globe Specialty Metals traded up 1.15% during mid-day trading on Monday, hitting $13.15. Globe Specialty Metals has a one year low of $12.25 and a one year high of $25.67. The company has a market cap of $986.9 million and a P/E ratio of 16.25.

Globe Specialty Metals last issued its quarterly earnings data on Monday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Globe Specialty Metals will post $0.19 earnings per share next quarter.

GSM has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Globe Specialty Metals in a research note to investors on Tuesday, May 8th. Finally, analysts at Oppenheimer (NYSE: OPY) cut their price target on shares of Globe Specialty Metals from $20.00 to $18.00 in a research note to investors on Sunday, April 29th. They now have an “outperform” rating on the stock.

Globe Specialty Metals, Inc. (GSM) is a producer of silicon metal and silicon-based alloys, with approximately 100,000 metric tons (MT) of silicon metal capacity (excluding Dow Corning Corporation’s portion of the capacity of its Alloy, West Virginia plant) and 120,000 MT of silicon-based alloys capacity.

About the author