Glencore Stock Passes Above 200 Day Moving Average Of $11.35

Glencore plc (OTCMKTS:GLNCY – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.35 and traded as high as $12.28. Glencore shares last traded at $12.28, with a volume of 371,981 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GLNCY shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Glencore from GBX 560 ($6.62) to GBX 500 ($5.91) in a research report on Wednesday, October 5th. JPMorgan Chase & Co. reduced their target price on shares of Glencore from GBX 690 ($8.16) to GBX 660 ($7.80) in a report on Friday, October 14th. Finally, Morgan Stanley reduced their target price on shares of Glencore from GBX 740 ($8.75) to GBX 730 ($8.63) in a report on Tuesday, August 2nd.

Glencore Stock Performance

The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $11.27 and its 200-day moving average price is $11.35.

Glencore Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, September 29th. Investors of record on Friday, September 2nd were paid a $0.221 dividend. This represents a yield of 3.94%. The ex-dividend date was Thursday, September 1st.

About Glencore

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.

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