Glencore (OTCMKTS:GLNCY) Upgraded to “Strong-Buy” by Barclays

Barclays upgraded shares of Glencore (OTCMKTS:GLNCY) to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports.

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

Glencore Stock Performance

GLNCY stock opened at $10.43 on Wednesday. Glencore has a twelve month low of $9.26 and a twelve month high of $12.74. The business has a 50 day moving average price of $10.52 and a two-hundred day moving average price of $11.28.

Glencore Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.1105 per share. The ex-dividend date was Friday, August 30th.

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.