Glencore plc (OTCMKTS:GLNCY) Given Average Rating of “Buy” by Brokerages

Shares of Glencore plc (OTCMKTS:GLNCY) have been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company.

A number of brokerages recently issued reports on GLNCY. AlphaValue raised shares of Glencore from a “reduce” rating to a “buy” rating in a research report on Wednesday, August 18th. Morgan Stanley raised shares of Glencore from an “equal weight” rating to an “overweight” rating in a report on Friday. Royal Bank of Canada reissued an “outperform” rating on shares of Glencore in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a report on Thursday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Glencore in a report on Monday.

GLNCY stock traded down $0.23 on Friday, reaching $9.18. 192,690 shares of the company were exchanged, compared to its average volume of 348,726. Glencore has a 12 month low of $3.90 and a 12 month high of $9.49. The stock’s fifty day moving average price is $8.94 and its 200 day moving average price is $8.62. The firm has a market capitalization of $61.07 billion, a PE ratio of 30.60 and a beta of 1.77. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.10 and a quick ratio of 0.52.

The business also recently declared a dividend, which will be paid on Tuesday, October 5th. Investors of record on Friday, September 3rd will be given a dividend of $0.32 per share. This is an increase from Glencore’s previous dividend of $0.12. The ex-dividend date is Thursday, September 2nd. This represents a yield of 3.52%. Glencore’s dividend payout ratio is 96.67%.

Glencore Company Profile

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other.

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Analyst Recommendations for Glencore (OTCMKTS:GLNCY)

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