Globe Specialty Metals (GSM) rated Buy with price target $20 by Auriga
Globe Specialty Metals (NASDAQ:
GSM) rated Buy with price target $20 by Auriga.
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.
operates full-service institutional equity and fixed income trading desks with state-of-the-art communications technology and trading systems. Through our U.S. corprate parent, Auriga
Holdings, LLC we offer a variety of services including whole loan trading and asset management. Through our Spanish parent company, Auriga
Securities Sociedad de Valores, S.A., we offer the ability to trade European equity and fixed income products. We connect electronically to buy-side firms; route orders to multiple points of execution and subsequently route to our clearing firm, Pershing, for settlement.