Glencore PLC (OTCMKTS:GLNCY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.71 and traded as high as $7.98. Glencore shares last traded at $7.98, with a volume of 361,156 shares.
Wall Street Analysts Forecast Growth
GLNCY has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered Glencore to a "neutral" rating in a research note on Thursday, August 7th. Citigroup reaffirmed a "buy" rating on shares of Glencore in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Strong Buy".
Check Out Our Latest Research Report on Glencore
Glencore Price Performance
The company has a quick ratio of 0.60, a current ratio of 1.20 and a debt-to-equity ratio of 0.77. The stock's 50 day simple moving average is $8.02 and its 200 day simple moving average is $7.69.
About Glencore
(
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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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