Glencore’s (GLEN) Equal Weight Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of Glencore (LON:GLEN) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have a GBX 515 ($6.47) price objective on the natural resources company’s stock.

Glencore Trading Down 0.8 %

Shares of GLEN stock opened at GBX 455 ($5.72) on Wednesday. The company’s fifty day simple moving average is GBX 434.77 and its two-hundred day simple moving average is GBX 436.62. The company has a debt-to-equity ratio of 85.91, a current ratio of 1.29 and a quick ratio of 0.32. Glencore has a 1 year low of GBX 365.31 ($4.59) and a 1 year high of GBX 491.65 ($6.18). The stock has a market capitalization of £55.28 billion, a price-to-earnings ratio of 1,685.19, a PEG ratio of 0.43 and a beta of 1.32.

Glencore Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, August 29th. This represents a yield of 1.32%. Glencore’s payout ratio is 3,703.70%.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.