Glencore PLC (GLNCY) – What Are Analysts Thinking About This Stock?

Shares of Glencore PLC (OTCMKTS:GLNCY) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company.

GLNCY has been the topic of a number of research analyst reports. Freedom Broker cut Glencore from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, September 3rd. UBS Group upgraded Glencore from a “hold” rating to a “buy” rating in a research note on Friday, September 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of Glencore in a report on Thursday, October 22nd. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a report on Monday, August 24th. Finally, Barclays restated an “overweight” rating on shares of Glencore in a research report on Tuesday, July 7th.

Glencore Stock Performance

Shares of OTCMKTS GLNCY opened at $13.84 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.06 and a quick ratio of 0.56. Glencore has a fifty-two week low of $8.66 and a fifty-two week high of $17.05. The stock’s 50-day simple moving average is $15.29 and its 200-day simple moving average is $14.67.

Glencore Company Profile

Glencore plc is a diversified natural resources company engaged in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers worldwide.

The company produces and markets commodities including copper, cobalt, zinc, nickel, ferroalloys, aluminum, coal and oil. It also participates in the marketing and distribution of metals, minerals, crude oil, refined products, coal and agricultural goods.