Glencore (GLNCY) Expected to Release Quarterly Earnings on Wednesday

Glencore (OTCMKTS:GLNCY) is projected to post its resultson Wednesday, August 5th. Analysts expect the company to post earnings of $0.2605 per share and revenue of $143.1750 billion for the quarter.

Glencore Price Performance

GLNCY opened at $13.43 on Wednesday. The business’s fifty day moving average is $14.61 and its 200-day moving average is $14.34. Glencore has a 52-week low of $7.44 and a 52-week high of $16.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 0.54.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research lowered Glencore from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a report on Thursday, April 9th. Citigroup reiterated a “buy” rating on shares of Glencore in a research report on Monday, April 13th. HSBC upgraded Glencore from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glencore in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Glencore presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

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.