Glencore PLC (OTCMKTS:GLNCY) Given Average Rating of "Strong Buy" by Brokerages

Key Points

• Glencore PLC has received an average rating of "Strong Buy" from six research firms, with one hold, one buy, and four strong buy ratings.
• The company announced a dividend of $0.085 per share, payable on October 3rd, with a dividend yield of 210.0%.
• Glencore's stock recently traded up 0.8% to around $8.86, with a 52 week range between $5.74 and $11.56.

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

GLNCY has been the topic of several research reports. The Goldman Sachs Group cut Glencore to a "neutral" rating in a research note on Thursday, August 7th. Citigroup restated a "buy" rating on shares of Glencore in a research note on Thursday, August 14th.

Glencore Trading Up 0.8%

OTCMKTS GLNCY opened at $8.86 on Friday. The stock's 50 day moving average price is $8.08 and its two-hundred day moving average price is $7.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 1.20. Glencore has a 52 week low of $5.74 and a 52 week high of $11.56.

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 paid a dividend of $0.085 per share. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 210.0%.

About Glencore

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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