Glencore (OTCMKTS:GLNCY) Stock Price Down 4% – Here’s What Happened

Glencore PLC (OTCMKTS:GLNCY) was down 4% on Monday . The company traded as low as $14.81 and last traded at $14.8280. 30,403 shares were traded during trading, a decline of 96% from the average daily volume of 802,450 shares. The stock had previously closed at $15.45.

Analyst Upgrades and Downgrades

GLNCY has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th. Zacks Research raised Glencore from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Barclays reiterated an “overweight” rating on shares of Glencore in a research report on Tuesday, July 7th. Freedom Broker lowered Glencore from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Finally, Citigroup restated a “buy” rating on shares of Glencore in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.30.

Glencore Trading Down 2.5%

The firm’s 50 day moving average is $15.21 and its two-hundred day moving average is $14.92. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.77.

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.