Glencore (OTCMKTS:GLNCY) Raised to Strong-Buy at Barclays

Barclays upgraded shares of Glencore (OTCMKTS:GLNCYFree Report) to a strong-buy rating in a report published on Wednesday morning, Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Citigroup raised shares of Glencore to a “strong-buy” rating in a report on Thursday, August 8th. The Goldman Sachs Group upgraded Glencore to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada upgraded Glencore to a “moderate buy” rating in a research note on Thursday, August 8th.

Read Our Latest Report on Glencore

Glencore Stock Up 1.6 %

Shares of Glencore stock opened at $10.60 on Wednesday. The company has a 50 day moving average price of $10.52 and a 200 day moving average price of $11.28. Glencore has a 52 week low of $9.26 and a 52 week high of $12.74.

Glencore Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $0.1105 dividend. The ex-dividend date of this dividend was Friday, August 30th.

About Glencore

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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.

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