Glencore plc (OTCMKTS:GLNCY) Receives Consensus Rating of “Strong Buy” from Analysts

Glencore plc (OTCMKTS:GLNCY) has earned a consensus rating of “Strong Buy” from the five ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a strong buy rating.

GLNCY has been the topic of several recent research reports. Barclays upgraded Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th.

Glencore Stock Performance

OTCMKTS GLNCY opened at $9.18 on Monday. Glencore has a 1-year low of $8.66 and a 1-year high of $12.74. The business has a 50 day simple moving average of $9.28 and a two-hundred day simple moving average of $10.26.

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.