GLENCORE PLC/ADR (OTCMKTS:GLNCY) Upgraded at Zacks Investment Research
According to Zacks, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland. “
Several other research firms also recently weighed in on GLNCY. Liberum Capital raised shares of GLENCORE PLC/ADR from a hold rating to a buy rating in a research note on Tuesday, January 14th. Goldman Sachs Group raised shares of GLENCORE PLC/ADR from a neutral rating to a buy rating in a research note on Tuesday, January 21st. UBS Group raised shares of GLENCORE PLC/ADR from a neutral rating to a buy rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada raised shares of GLENCORE PLC/ADR from a sector perform rating to an outperform rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold.
About GLENCORE PLC/ADR
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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