Glencore (GLNCY) Projected to Post Earnings on Wednesday

Glencore (OTCMKTS:GLNCY) is expected to be issuing its resultson Wednesday, August 5th. Analysts expect Glencore to announce earnings of $0.2838 per share and revenue of $145.5832 billion for the quarter.

Glencore Price Performance

GLNCY stock opened at $14.56 on Monday. The company has a 50-day moving average of $14.55 and a two-hundred day moving average of $14.39. 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 quick ratio of 0.54 and a current ratio of 1.06.

Analyst Ratings Changes

Several research firms recently weighed in on GLNCY. HSBC raised Glencore from a “hold” rating to a “buy” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group raised Glencore from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Citigroup reiterated a “buy” rating on shares of Glencore in a report on Monday, April 13th. Barclays reissued an “overweight” rating on shares of Glencore in a research report on Tuesday, July 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of Glencore in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.