Glencore plc (OTCMKTS:GLNCY – Get Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 196,300 shares, an increase of 309.0% from the March 31st total of 48,000 shares. Based on an average trading volume of 892,900 shares, the days-to-cover ratio is currently 0.2 days.
Shares of GLNCY stock opened at $11.97 on Thursday. The firm has a 50-day moving average of $12.74 and a 200-day moving average of $11.11. The company has a current ratio of 1.17, a quick ratio of 0.59 and a debt-to-equity ratio of 0.75. Glencore has a one year low of $7.91 and a one year high of $14.00.
The company also recently announced a dividend, which will be paid on Monday, June 6th. Stockholders of record on Friday, April 22nd will be issued a $0.221 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a dividend yield of 2.88%.
Several research analysts recently issued reports on the stock. HSBC assumed coverage on shares of Glencore in a research note on Friday, March 18th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Glencore from GBX 580 ($7.39) to GBX 590 ($7.52) in a research note on Tuesday, April 5th. BMO Capital Markets upgraded shares of Glencore from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 22nd. Zacks Investment Research upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a report on Friday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Glencore from 10,100.00 to 9,700.00 in a report on Friday, January 14th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $2,725.75.
Glencore Company Profile (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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