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Globe Specialty Metals (GSM) [hlAlert]

Rating:
Buy GSM
down 2.63 %

Globe Specialty Metals (GSM) upgraded to Buy with price target $18 by BB&T Capital Mkts

Posted on: Friday,  Sep 13, 2013  10:25 AM ET by BB&T Capital Mkts

BB&T Capital Mkts rated Buy Globe Specialty Metals (NASDAQ: GSM) on 09/13/2013, when the stock price was $14.03.
Since then, Globe Specialty Metals has lost 2.64% as of 01/11/2016's recent price of $13.66.
If you would have followed this BB&T Capital Mkts's recommendation on GSM, you would have lost 2.63% of your investment in 850 days.

Globe Specialty Metals, Inc. (GSM) is a producer of silicon metal and silicon-based alloys, with approximately 156,400 metric tons of silicon metal capacity and 72,800 metric tons of silicon-based alloys capacity. Silicon metal, the Company?s principal product, is used as a primary raw material in making silicone compounds, aluminum and polysilicon. The Company?s silicon-based alloys are used as raw materials in making steel and ductile iron. Its products are produced in four principal operating facilities located in the United States, Brazil and Argentina. Additionally, it operates facilities in Poland and China. The Company operates in six business segments: Globe Metallurgical, Inc. (GMI), Globe Metais Industria e Comercio S.A. (Globe Metais), Globe Metales S.A. (Globe Metales), Solsil, Inc. (Solsil) and Other.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2013 10:25 AM Buy
None
14.03 18.00
as of 12/13/2013
1 Week down  -1.82 %
1 Month up  4.11 %
3 Months up  22.59 %
1 YTD up  22.59 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/19/2012 10:25 AM Hold
None
15.03

(*) Stock Price at the time of the recommendation.
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