Glencore plc (LON:GLEN – Get Rating) declared a dividend on Tuesday, February 15th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 21st will be given a dividend of $0.13 per share by the natural resources company on Friday, May 20th. This represents a yield of 2.24%. The ex-dividend date is Thursday, April 21st. This is a boost from Glencore’s previous dividend of $0.06. The official announcement can be seen at this link.
GLEN stock opened at GBX 529.40 ($6.89) on Tuesday. Glencore has a fifty-two week low of GBX 288.40 ($3.75) and a fifty-two week high of GBX 540.20 ($7.03). The business’s 50-day moving average is GBX 476.02 and its two-hundred day moving average is GBX 410.30. The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17. The company has a market cap of £69.72 billion and a price-to-earnings ratio of 18.76.
GLEN has been the topic of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 590 ($7.68) target price on shares of Glencore in a report on Tuesday, April 5th. Morgan Stanley reissued an “overweight” rating and issued a GBX 623 ($8.11) target price on shares of Glencore in a report on Thursday, April 14th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Glencore in a report on Tuesday, March 15th. Liberum Capital restated a “buy” rating and issued a GBX 425 ($5.53) price target on shares of Glencore in a research report on Thursday, January 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Glencore from GBX 580 ($7.55) to GBX 590 ($7.68) and gave the stock a “buy” rating in a research report on Tuesday, April 5th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 551.14 ($7.17).
About Glencore (Get Rating)
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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