Glencore plc (OTCMKTS:GLNCY) Given Average Rating of “Strong Buy” by Analysts

Glencore plc (OTCMKTS:GLNCY) has earned a consensus rating of “Strong Buy” from the five analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a strong buy rating.

Separately, BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th.

Glencore Price Performance

Shares of Glencore stock opened at $8.35 on Tuesday. The business has a 50-day moving average price of $8.68 and a 200 day moving average price of $9.62. Glencore has a fifty-two week low of $7.84 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

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.