Shares of Glencore plc (OTCMKTS:GLNCY – Get Rating) have earned a consensus rating of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2,875.00.
GLNCY has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Glencore from GBX 550 ($6.78) to GBX 600 ($7.40) in a report on Wednesday, March 9th. Morgan Stanley reduced their price target on shares of Glencore from GBX 623 ($7.68) to GBX 620 ($7.64) in a research report on Tuesday, May 3rd. BMO Capital Markets upgraded Glencore from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 22nd. Zacks Investment Research cut Glencore from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, HSBC started coverage on Glencore in a report on Friday, March 18th. They issued a “buy” rating on the stock.
OTCMKTS GLNCY traded up $0.04 during trading hours on Friday, hitting $12.42. The company had a trading volume of 778,269 shares, compared to its average volume of 530,031. The company has a quick ratio of 0.59, a current ratio of 1.17 and a debt-to-equity ratio of 0.75. Glencore has a 52 week low of $7.91 and a 52 week high of $14.00. The firm has a 50 day simple moving average of $12.66 and a 200 day simple moving average of $11.29.
The firm also recently announced a dividend, which will be paid on Monday, June 6th. Investors of record on Friday, April 22nd will be given a $0.221 dividend. This represents a yield of 2.88%. The ex-dividend date is Thursday, April 21st.
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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