Glencore (OTCMKTS:GLNCY) Reaches New 52-Week High - Time to Buy?

Key Points

• 52‑week high: Glencore shares hit a new 52‑week high of $15.20 and last traded around $15.06, trading above its 50‑day ($13.97) and 200‑day ($11.52) moving averages.
• Analyst mix leans positive: One analyst rates Glencore a Strong Buy, five rate it Buy and four rate it Hold, producing a MarketBeat consensus of Moderate Buy.
• Price vs. fundamentals: The MarketBeat consensus target is $9.30—well below the current price—and reported fundamentals show a current ratio of 1.06, quick ratio of 0.54 and debt‑to‑equity of 0.84.

Glencore PLC (OTCMKTS:GLNCY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $15.20 and last traded at $15.0550, with a volume of 84424 shares trading hands. The stock had previously closed at $14.9295.

Wall Street Analysts Forecast Growth

GLNCY has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of Glencore in a research note on Wednesday, February 4th. HSBC lowered shares of Glencore to a "hold" rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Glencore in a research report on Friday, January 30th. Berenberg Bank upgraded shares of Glencore from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 17th. Finally, UBS Group upgraded shares of Glencore to a "hold" rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.30.

Glencore Price Performance

The company has a current ratio of 1.06, a quick ratio of 0.54 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $13.97 and a two-hundred day moving average of $11.52.

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.

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