Ferroglobe Reports Results for Third Quarter 2017

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Globe Specialty Metals (GSM) PT Raised to $23 at Stifel Following 3Q Conference Call

November 29, 2017 1:34 PM EST

Stifel raised its price target on Globe Specialty Metals (NASDAQ: GSM) to $23.00 (from $22.00) while maintaining a Buy rating following the company's 3Q earnings report. The company also announced the acquisition of Glencore's manganese alloy assets.

On its 3Q17 conference call, the company provided an... More

Globe Specialty Metals (GSM) PT Raised to $18.25 at Jefferies

November 29, 2017 8:10 AM EST

Jefferies raised its price target on Globe Specialty Metals (NASDAQ: GSM) to $18.25 (from $16.75) while maintaining a Buy rating.

Analyst Martin Englert notes 3Q17 EBITDA of $56M beat, lending credence to its pricing leverage.

"With 2018 Si contracts settling above index, and spot improving, it... More