Glencore PLC (OTCMKTS:GLNCY) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Glencore PLC has received an average recommendation of "Buy" from six brokerages, with a consensus price target of $9.30 for the stock.
• The company's dividend yield stands at 210.0%, following a recent dividend payment of $0.085 per share on October 3rd.
• Glencore's stock performance highlights a 52-week range of $5.74 to $10.82, indicating significant price movement over the past year.

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $9.30.

A number of research firms have commented on GLNCY. The Goldman Sachs Group downgraded shares of Glencore to a "neutral" rating in a research report on Thursday, August 7th. Berenberg Bank set a $9.30 price target on shares of Glencore in a research report on Wednesday, October 8th. Morgan Stanley restated an "overweight" rating on shares of Glencore in a research report on Wednesday, October 8th. Finally, Citigroup reiterated a "buy" rating on shares of Glencore in a report on Friday, September 26th.

Glencore Stock Performance

GLNCY stock opened at $9.35 on Tuesday. Glencore has a 52 week low of $5.74 and a 52 week high of $10.82. The firm's 50-day moving average is $8.48 and its two-hundred day moving average is $7.83.

Glencore Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, October 3rd. Investors of record on Monday, September 1st were issued a $0.085 dividend. This represents a dividend yield of 210.0%. The ex-dividend date was 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.

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