Glencore plc (OTCMKTS:GLNCY) declared a dividend on Saturday, March 13th, investing.com reports. Stockholders of record on Friday, April 23rd will be paid a dividend of 0.12 per share by the energy company on Monday, June 7th. This represents a dividend yield of 1.49%. The ex-dividend date is Thursday, April 22nd.
Shares of Glencore stock opened at $8.10 on Wednesday. Glencore has a 1 year low of $3.13 and a 1 year high of $8.67. The company’s fifty day simple moving average is $7.96 and its 200-day simple moving average is $6.55. The company has a market cap of $53.96 billion, a price-to-earnings ratio of 25.31 and a beta of 1.81. The company has a current ratio of 0.99, a quick ratio of 0.47 and a debt-to-equity ratio of 0.82.
GLNCY has been the topic of several research reports. Credit Suisse Group restated a “neutral” rating on shares of Glencore in a report on Wednesday, February 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Glencore in a research report on Friday, March 5th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a report on Wednesday, March 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Monday, April 12th. Finally, Zacks Investment Research raised shares of Glencore from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Monday, April 12th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $9.00.
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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