Glencore (OTCMKTS:GLNCY) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Glencore shares crossed above their 200-day moving average of $7.68, reaching a trading high of $7.93 with significant volume of 318,243 shares exchanged.
• The company recently announced a dividend of $0.085 per share, which will be paid on October 3rd, representing a substantial yield of 210%.
• Analysts have mixed opinions on Glencore, with Goldman Sachs downgrading to 'neutral' while Citigroup maintained a 'buy' rating; the overall consensus remains a 'Strong Buy'.

Shares of Glencore PLC (OTCMKTS:GLNCY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.68 and traded as high as $7.93. Glencore shares last traded at $7.93, with a volume of 318,243 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GLNCY shares. The Goldman Sachs Group downgraded shares of Glencore to a "neutral" rating in a research report on Thursday, August 7th. Citigroup reissued a "buy" rating on shares of Glencore in a research report on Thursday, August 14th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Glencore Stock Up 0.8%

The company's fifty day moving average is $8.02 and its 200 day moving average is $7.68. The company has a current ratio of 1.20, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77.

Glencore Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 1st will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, August 29th. This represents a yield of 210.0%.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.

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