Glencore PLC (OTCMKTS:GLNCY) Receives Consensus Recommendation of “Strong Buy” from Analysts

Glencore PLC (OTCMKTS:GLNCY) has been given an average recommendation of “Strong Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and four have issued a strong buy recommendation on the company.

A number of equities analysts recently commented on GLNCY shares. The Goldman Sachs Group cut shares of Glencore to a “neutral” rating in a research note on Thursday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Glencore in a research note on Friday, September 26th.

Glencore Price Performance

GLNCY stock opened at $9.16 on Friday. Glencore has a 12 month low of $5.74 and a 12 month high of $11.48. The company has a 50-day moving average price of $8.14 and a 200 day moving average price of $7.67.

Glencore Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 1st will be given a $0.085 dividend. This represents a yield of 210.0%. The ex-dividend date of this dividend is 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.