Glencore PLC (OTCMKTS:GLNCY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Glencore PLC (OTCMKTS:GLNCY) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.30.

Several equities research analysts recently weighed in on the stock. Freedom Capital cut shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a report on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Glencore in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Glencore in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th.

Glencore Trading Down 5.1%

Shares of OTCMKTS GLNCY opened at $16.14 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 1.06. Glencore has a 52 week low of $7.93 and a 52 week high of $17.05. The stock’s fifty day moving average is $14.97 and its 200 day moving average is $14.86.

Glencore Company Profile

Glencore plc is a diversified natural resources company involved in the production, processing and marketing of commodities. Its products include copper, cobalt, zinc, nickel, ferroalloys, alumina, aluminum, coal and oil, as well as related energy products. The company also provides sourcing, logistics, storage and other marketing services that connect producers with industrial customers worldwide.

Glencore operates mines, metallurgical facilities, processing plants, refineries and other industrial assets across multiple regions, including Africa, Australia, Canada, Europe and South America.