Glencore plc (OTCMKTS:GLNCY – Get Rating) – Jefferies Financial Group lowered their FY2022 earnings estimates for shares of Glencore in a research note issued on Wednesday, June 29th. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will post earnings of $2.38 per share for the year, down from their prior forecast of $2.46. The consensus estimate for Glencore’s current full-year earnings is $2.73 per share. Jefferies Financial Group also issued estimates for Glencore’s FY2023 earnings at $2.38 EPS.
A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Glencore from GBX 650 ($7.97) to GBX 630 ($7.73) in a research report on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Glencore from GBX 580 ($7.12) to GBX 560 ($6.87) in a research report on Wednesday, June 29th. Morgan Stanley boosted their price target on shares of Glencore from GBX 620 ($7.61) to GBX 740 ($9.08) in a research report on Thursday, June 23rd. HSBC assumed coverage on shares of Glencore in a research report on Friday, March 18th. They issued a “buy” rating for the company. Finally, Barclays upped their target price on shares of Glencore from GBX 730 ($8.96) to GBX 770 ($9.45) in a research report on Wednesday, May 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Glencore has an average rating of “Buy” and a consensus target price of $660.00.
GLNCY opened at $10.31 on Monday. The company has a fifty day moving average price of $12.08 and a 200-day moving average price of $11.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.59 and a current ratio of 1.17. Glencore has a one year low of $7.91 and a one year high of $14.00.
The firm also recently disclosed a dividend, which was paid on Monday, June 6th. Shareholders of record on Friday, April 22nd were paid a $0.221 dividend. The ex-dividend date was Thursday, April 21st. This represents a dividend yield of 2.88%.
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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