Glencore plc (OTCMKTS:GLNCY) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Glencore plc (OTCMKTS:GLNCY) have received an average recommendation of “Strong Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a strong buy rating.

A number of research firms recently commented on GLNCY. BMO Capital Markets upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Barclays upgraded Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th.

Glencore Stock Performance

Shares of OTCMKTS:GLNCY opened at $8.79 on Thursday. The company’s fifty day moving average is $9.89 and its 200-day moving average is $10.62. Glencore has a 52 week low of $8.69 and a 52 week high of $12.74.

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.