Glencore plc (OTCMKTS:GLNCY – Get Rating) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.35 and traded as high as $12.04. Glencore shares last traded at $11.92, with a volume of 1,294,230 shares changing hands.
Analysts Set New Price Targets
GLNCY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Glencore from GBX 560 ($6.58) to GBX 500 ($5.88) in a report on Wednesday, October 5th. JPMorgan Chase & Co. dropped their target price on shares of Glencore from GBX 690 ($8.11) to GBX 660 ($7.76) in a report on Friday, October 14th. Finally, Morgan Stanley decreased their price target on shares of Glencore from GBX 740 ($8.70) to GBX 730 ($8.58) in a report on Tuesday, August 2nd.
The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.71 and a current ratio of 1.24. The stock has a 50 day moving average price of $11.16 and a 200 day moving average price of $11.35.
Glencore Dividend Announcement
The firm also recently announced a dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.221 per share. This represents a yield of 3.94%. The ex-dividend date was Thursday, September 1st.
About Glencore
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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