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Ferroglobe PLC (NASDAQ:GSM) to Post FY2023 Earnings of $1.23 Per Share, B. Riley Forecasts

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Ferroglobe PLC (NASDAQ:GSM – Get Rating) – Analysts at B. Riley issued their FY2023 earnings per share estimates for shares of Ferroglobe in a research note issued on Tuesday, September 13th. B. Riley analyst L. Pipes anticipates that the basic materials company will post earnings of $1.23 per share for the year. B. Riley currently has a "Buy" rating and a $12.00 target price on the stock. The consensus estimate for Ferroglobe's current full-year earnings is $3.10 per share.

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Separately, StockNews.com raised shares of Ferroglobe from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 25th.

Ferroglobe Stock Performance

Ferroglobe stock opened at $6.80 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.27 billion, a PE ratio of 4.28 and a beta of 2.25. Ferroglobe has a 12-month low of $4.53 and a 12-month high of $9.94. The business's 50-day moving average price is $6.35 and its two-hundred day moving average price is $6.91.

Institutional Investors Weigh In On Ferroglobe

Hedge funds and other institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC bought a new position in shares of Ferroglobe during the first quarter valued at $66,000. Royal Bank of Canada lifted its holdings in Ferroglobe by 1,379.7% during the 1st quarter. Royal Bank of Canada now owns 11,379 shares of the basic materials company's stock worth $88,000 after buying an additional 10,610 shares during the period. Keebeck Alpha LP bought a new stake in shares of Ferroglobe in the 1st quarter valued at about $91,000. Virtu Financial LLC acquired a new stake in shares of Ferroglobe in the first quarter valued at about $144,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Ferroglobe during the first quarter worth about $168,000. Institutional investors own 40.06% of the company's stock.

Ferroglobe Company Profile

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Ferroglobe PLC is a holding company, which engages in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium silicon, and electrodes. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other.

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