Glencore (OTCMKTS:GLNCY) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, March 23rd.
GLNCY has been the subject of several other reports. JPMorgan Chase upgraded shares of Glencore from a “neutral” rating to an “overweight” rating in a research note on Friday, December 15th. Zacks Investment Research cut shares of Glencore from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Deutsche Bank reissued a “buy” rating on shares of Glencore in a research report on Thursday, February 15th. UBS reissued a “neutral” rating on shares of Glencore in a research report on Monday, March 5th. Finally, Clarkson Capital reissued a “buy” rating on shares of Glencore in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.00.
Glencore stock traded up $0.04 during trading on Friday, reaching $9.83. The company had a trading volume of 311,394 shares, compared to its average volume of 498,703. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 1.12. Glencore has a 12-month low of $6.90 and a 12-month high of $11.68. The company has a market cap of $70,645.17, a price-to-earnings ratio of 12.60 and a beta of 2.12.
Glencore Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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