Ferroglobe (GSM) was downgraded to a Hold Rating at Seaport Global
Ferroglobe Analyst Rating: Ferroglobe received a Hold rating and a price target from Seaport Global analyst Martin Englert, with shares closing at $3.43 and an analyst consensus of Hold.
Market Overview: The company's market cap is $646.3M, with a P/E ratio of 123.30, indicating mixed financial performance and challenges ahead.
Trade with 70% Backtested Accuracy
Analyst Views on GSM
About GSM
About the author
Ferroglobe (NASDAQ:GSM) Confirms Dividend Payment of $0.014
Dividend Announcement: Ferroglobe PLC will pay a dividend of $0.014 on December 29, representing an annual yield of 1.4%, which is below the industry average.
Cash Flow and Profitability: Despite not generating a profit, Ferroglobe's free cash flows cover the dividend, and the forecasted EPS growth of 118.9% suggests a potential for improved sustainability of the dividend.
Dividend History Concerns: The company's dividend history shows instability, with a significant decline of approximately 83% over the past decade, raising concerns about future payments.
Investment Considerations: While the current dividend is covered by cash flows, the lack of stability and growth potential makes Ferroglobe less attractive as an income stock, highlighting the importance of evaluating other factors beyond dividends.
Ferroglobe announces a dividend of $0.014
Dividend Announcement: Ferroglobe (GSM) has declared a quarterly dividend of $0.014 per share, with a forward yield of 1.46%.
Payment Details: The dividend is payable on December 29, with shareholders of record on December 22, and the ex-dividend date also on December 22.
