Ferroglobe PLC (NASDAQ:GSM – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.015 per share by the basic materials company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 22nd.
Ferroglobe has a payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ferroglobe to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 14.6%.
Ferroglobe Stock Performance
Ferroglobe stock traded up $0.73 during midday trading on Wednesday, reaching $4.15. The stock had a trading volume of 5,781,774 shares, compared to its average volume of 1,432,703. Ferroglobe has a 12 month low of $3.08 and a 12 month high of $5.74. The firm’s 50-day moving average price is $3.61 and its 200 day moving average price is $4.24. The firm has a market capitalization of $774.51 million, a PE ratio of -6.92 and a beta of 1.02. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.09.
Analyst Ratings Changes
Separately, Weiss Ratings cut Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.00.
View Our Latest Stock Analysis on Ferroglobe
Ferroglobe Company Profile
Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.
With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.
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