Glencore (OTCMKTS:GLNCY) Hits New 52-Week High – Still a Buy?

Shares of Glencore PLC (OTCMKTS:GLNCY) reached a new 52-week high during trading on Thursday . The stock traded as high as $15.44 and last traded at $15.36, with a volume of 4509849 shares trading hands. The stock had previously closed at $15.14.

Analyst Upgrades and Downgrades

Several analysts recently commented on GLNCY shares. HSBC raised shares of Glencore from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “buy” rating on shares of Glencore in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a report on Friday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a report on Thursday, April 9th. Finally, UBS Group upgraded shares of Glencore to a “hold” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Glencore Stock Down 1.4%

The company has a current ratio of 1.06, a quick ratio of 0.54 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average is $14.48 and its 200 day moving average is $12.18.

Glencore Company Profile

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.