Glencore Plc (OTCMKTS:GLNCY) Given Average Recommendation Of “Buy” By Analysts

Shares of Glencore plc (OTCMKTS:GLNCY – Get Rating) have been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the company, reports. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $2,725.75.
Several analysts have weighed in on the stock. HSBC assumed coverage on shares of Glencore in a research note on Friday, March 18th. They issued a “buy” rating for the company. JPMorgan Chase & Co. lowered their price target on shares of Glencore from 10,100.00 to 9,700.00 in a research note on Friday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Glencore from GBX 580 ($7.55) to GBX 590 ($7.68) in a research note on Tuesday, April 5th. BMO Capital Markets raised shares of Glencore from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 22nd. Finally, Zacks Investment Research raised shares of Glencore from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a research note on Friday, February 11th.
OTCMKTS:GLNCY traded down $0.56 during midday trading on Monday, hitting $11.97. The company had a trading volume of 1,159,800 shares, compared to its average volume of 508,239. Glencore has a 52-week low of $7.91 and a 52-week high of $14.00. The stock’s fifty day moving average price is $12.73 and its 200-day moving average price is $11.09. The company has a quick ratio of 0.59, a current ratio of 1.17 and a debt-to-equity ratio of 0.75.
The company also recently disclosed a dividend, which will be paid on Monday, June 6th. Stockholders of record on Friday, April 22nd will be paid a dividend of $0.221 per share. This represents a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, April 21st.
About Glencore (Get Rating)
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.