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

Glencore plc (OTCMKTS:GLNCY) has received an average rating of “Strong Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a strong buy recommendation.

Several research firms recently issued reports on GLNCY. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Barclays raised Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Hsbc Global Res upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th.

Glencore Trading Down 2.5 %

OTCMKTS:GLNCY opened at $8.72 on Monday. The company has a fifty day moving average of $9.40 and a 200 day moving average of $10.31. Glencore has a 52 week low of $8.66 and a 52 week high of $12.74.

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.