Glencore PLC (OTCMKTS:GLNCY – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company.
A number of brokerages have commented on GLNCY. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a report on Thursday, October 22nd. Freedom Broker cut Glencore from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Zacks Research raised shares of Glencore from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Citigroup reissued a “buy” rating on shares of Glencore in a research note on Wednesday, August 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a report on Monday, August 24th.
Read Our Latest Report on Glencore
Glencore Trading Down 0.2%
Shares of OTCMKTS:GLNCY opened at $13.12 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. Glencore has a one year low of $8.66 and a one year high of $17.05. The company has a 50 day moving average of $15.01 and a 200-day moving average of $14.69.
Glencore Company Profile
Glencore is a global natural resources company that produces and markets commodities. Its activities span metals and minerals, including copper, zinc, nickel, cobalt and ferroalloys, as well as energy products and agricultural commodities.
The company combines mining and processing operations with commodity trading, logistics and marketing. Its industrial assets include mines, smelters, refineries and processing facilities, while its trading business connects producers and customers around the world.
Headquartered in Baar, Switzerland, Glencore traces its origins to a trading business founded by Marc Rich in 1974.
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