Glencore plc (OTCMKTS:GLNCY – Get Rating) – Analysts at Jefferies Financial Group raised their FY2024 earnings per share estimates for Glencore in a research report issued on Tuesday, June 7th. Jefferies Financial Group analyst C. Lafemina now expects that the energy company will earn $2.24 per share for the year, up from their prior forecast of $1.96. Jefferies Financial Group also issued estimates for Glencore’s FY2025 earnings at $2.06 EPS.
GLNCY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Glencore from GBX 590 ($7.39) to GBX 580 ($7.27) in a research note on Thursday, May 12th. HSBC assumed coverage on shares of Glencore in a research note on Friday, March 18th. They set a “buy” rating for the company. Barclays increased their target price on shares of Glencore from GBX 730 ($9.15) to GBX 770 ($9.65) in a research note on Wednesday, May 25th. JPMorgan Chase & Co. reduced their price target on shares of Glencore from 13,200.00 to 12,800.00 in a research report on Wednesday, May 25th. Finally, Morgan Stanley reduced their price target on shares of Glencore from GBX 623 ($7.81) to GBX 620 ($7.77) in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $2,563.83.
The business also recently disclosed a dividend, which was paid on Monday, June 6th. Shareholders of record on Friday, April 22nd were paid a $0.221 dividend. The ex-dividend date of this dividend was Thursday, April 21st. This represents a yield of 2.88%.
Glencore Company Profile (Get Rating)
Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
- Get a free copy of the StockNews.com research report on Glencore (GLNCY)
- Heavy Buying Points to Upside for These 3 Stocks
- 3 Intriguing Stocks With Sub-10 P/E Ratios
- Snap Inc: Revised Guidance & Steeping Losses
- Time to Buy Take-Two Interactive Stock
- 3 Software Plays Showing Signs of Recovery
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.