Glencore PLC (OTC:GLNCY) - Analysts at Jefferies Group lowered their FY2018 EPS estimates for Glencore PLC in a report released on Monday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $0.58 per share for the year, down from their previous estimate of $0.64. Jefferies Group also issued estimates for Glencore PLC’s FY2019 earnings at $0.72 EPS and FY2020 earnings at $1.00 EPS.
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Separately, Bank of America Corporation downgraded Glencore PLC from a “buy” rating to a “neutral” rating in a research note on Monday, June 26th.
Shares of Glencore PLC (OTC:GLNCY) traded up 0.57% during mid-day trading on Wednesday, hitting $8.82. The company had a trading volume of 77,754 shares. The stock has a market cap of $62.89 billion, a price-to-earnings ratio of 15.10 and a beta of 2.06. The stock’s 50-day moving average is $8.36 and its 200-day moving average is $7.87. Glencore PLC has a 52-week low of $4.46 and a 52-week high of $9.00.
About Glencore PLC
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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