Glencore (OTCMKTS:GLCNF) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Glencore plc (OTCMKTS:GLCNF) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.04 and traded as high as $6.80. Glencore shares last traded at $6.80, with a volume of 10,323 shares.

Glencore News Roundup

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: Board proposes a US$0.17-per-share 2025 distribution paid in two tranches in 2026 (base $0.10 + $0.07 top‑up), signaling a material cash return to investors. Glencore Proposes US$0.17 Per Share 2025 Distribution
• Positive Sentiment: Company to return about $2 billion to shareholders despite the profit dip, supporting the dividend/payout thesis for income-oriented investors. Glencore to return $2B to shareholders despite lower full-year core earnings
• Positive Sentiment: Reached a land deal with DRC state miner Gécamines to extend the Kamoto copper operation — secures long‑term copper access, supporting management’s strategic shift toward metals. Glencore to extend Kamoto Copper in land deal with Gécamines
• Positive Sentiment: Management emphasized a bigger push into copper and stronger metals momentum, a growth narrative investors often price positively given demand outlook for electrification metals. Glencore nears three-year highs as it talks up copper shift
• Neutral Sentiment: Full‑year earnings fell but the decline was smaller than City analyst forecasts, which limits downside from the results miss. Glencore earnings fall less than expected
• Negative Sentiment: Profit and core earnings were hit by weaker coal prices and energy‑market headwinds, contributing to an overall earnings dip and investor concern about legacy commodity exposure. Glencore earnings dip as coal prices languish
• Negative Sentiment: Energy trading: Glencore traded more oil but earned less from energy sales for the third consecutive year, highlighting margin pressure in that division. Glencore sold more oil, earned less from energy sales for a third straight year
• Negative Sentiment: Reported net profit of roughly US$363 million for the year, a relatively low headline number that underscores the earnings weakness beneath the payout headlines. Glencore reports net profit of more than $363 million last year

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank set a $12.90 price target on Glencore in a research note on Wednesday, December 17th.

Glencore Price Performance

The stock has a fifty day moving average price of $6.17 and a 200-day moving average price of $5.04.

Glencore Company Profile

Glencore plc is a global leader in the production, marketing and trading of commodities. Through its diversified portfolio, the company operates in two principal segments: Metals & Minerals, and Energy Products. In Metals & Minerals, Glencore produces and trades a wide array of industrial metals, including copper, zinc, nickel, cobalt, lead, aluminum, iron ore and coal. Its Energy Products segment encompasses the sourcing, storage and distribution of crude oil, refined products, natural gas and liquefied petroleum gas, while also managing a significant agricultural trading business that handles grains, oilseeds and sugar.

Founded in 1974 by Marc Rich as Marc Rich + Co International, the company rebranded to Glencore in 1994 and has since expanded through both organic growth and strategic acquisitions.