Glencore (OTCMKTS:GLNCY) Reaches New 1-Year High – Should You Buy?

Shares of Glencore PLC (OTCMKTS:GLNCY) reached a new 52-week high during trading on Monday . The company traded as high as $12.57 and last traded at $12.55, with a volume of 209831 shares trading hands. The stock had previously closed at $12.04.

Analyst Ratings Changes

Several analysts have issued reports on GLNCY shares. Barclays reissued an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Glencore in a report on Thursday, January 8th. Citigroup restated a “buy” rating on shares of Glencore in a research report on Friday, September 26th. Sanford C. Bernstein cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, UBS Group lowered shares of Glencore from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.30.

Glencore Trading Up 0.4%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 1.15. The firm’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $9.07.

About Glencore

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.