Glencore PLC (OTCMKTS:GLNCY) Receives Consensus Rating of "Strong Buy" from Analysts

Key Points

• Glencore PLC has received an average analyst rating of "Strong Buy" from six rating firms, with one hold, one buy, and four strong buy ratings.
• The company recently declared a dividend of $0.085 per share, which will be paid on October 3rd, representing a substantial yield.
• Glencore's stock performance shows a fifty-two week range with a low of $5.74 and a high of $11.56, as of its latest opening at $7.86.

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) has been given an average rating of "Strong Buy" by the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and four have assigned a strong buy recommendation to the company.

GLNCY has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of Glencore to a "neutral" rating in a report on Thursday, August 7th. Citigroup reissued a "buy" rating on shares of Glencore in a report on Thursday, August 14th.

Glencore Stock Performance

Glencore stock traded up $0.08 during trading hours on Monday, hitting $7.68. The stock had a trading volume of 418,103 shares, compared to its average volume of 737,445. The company has a quick ratio of 0.60, a current ratio of 1.20 and a debt-to-equity ratio of 0.77. Glencore has a 12-month low of $5.74 and a 12-month high of $11.56. The stock's 50-day moving average price is $8.05 and its 200-day moving average price is $7.63.

Glencore Dividend Announcement

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

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.