Glencore plc (OTCMKTS:GLNCY) Receives Consensus Recommendation of "Strong Buy" from Brokerages

Glencore plc (OTCMKTS:GLNCY - Get Free Report) has earned a consensus rating of "Strong Buy" from the six analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a strong buy rating.

Separately, Berenberg Bank upgraded Glencore to a "strong-buy" rating in a report on Tuesday, March 11th.

Glencore Price Performance

GLNCY traded up $0.06 on Friday, reaching $7.12. 729,667 shares of the company's stock were exchanged, compared to its average volume of 1,182,878. Glencore has a twelve month low of $5.74 and a twelve month high of $12.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. The stock's fifty day moving average price is $6.98 and its 200-day moving average price is $8.31.

Glencore Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 5th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, May 2nd. This represents a dividend yield of 2.75%.

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.