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

Key Points

• Glencore's stock price has recently surpassed its 200-day moving average, indicating potential upward momentum, with shares trading at $9.31.
• Analysts have mixed ratings on Glencore, with a consensus of Strong Buy from four analysts, while one has rated it as a neutral.
• The company announced a dividend of $0.085 per share, resulting in a significant dividend yield of 210.0%.

Glencore PLC (OTCMKTS:GLNCY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.68 and traded as high as $9.33. Glencore shares last traded at $9.31, with a volume of 537,037 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Glencore to a "neutral" rating in a report on Thursday, August 7th. Citigroup restated a "buy" rating on shares of Glencore in a report on Friday, September 26th. 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 stock. According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

Glencore Trading Up 1.6%

The firm's 50-day moving average price is $8.15 and its 200 day moving average price is $7.68.

Glencore Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, September 1st were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.