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

Shares of Glencore plc (OTCMKTS:GLNCY) have been given an average recommendation of “Strong Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a strong buy rating.

Separately, Berenberg Bank raised Glencore to a “strong-buy” rating in a report on Tuesday, March 11th.

Glencore Stock Up 2.7%

OTCMKTS GLNCY opened at $7.22 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $7.02 and its two-hundred day moving average is $8.32. Glencore has a 1-year low of $5.74 and a 1-year high of $12.74.

Glencore Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 5th will be paid a $0.085 dividend. This represents a dividend yield of 2.75%. The ex-dividend date is Friday, May 2nd.

About Glencore

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.