Jefferies Group Gives Hold Rating to Globe Specialty Metals (GSM)

By admin | 6 years ago

Globe Specialty Metals (NYSE: GSM)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group (NYSE: JEF) in a report released on Tuesday.

Shares of Globe Specialty Metals opened at 12.78 on Tuesday. 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 $959.1 million and a P/E ratio of 15.97.

Globe Specialty Metals last issued its quarterly earnings data on Monday, May 7th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.02. Globe Specialty Metals’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that Globe Specialty Metals will post $0.20 earnings per share next quarter.

Separately, 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.

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