Glencore PLC (OTCMKTS:GLNCY – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.45 and traded as high as $15.09. Glencore shares last traded at $14.97, with a volume of 450,757 shares trading hands.
Analysts Set New Price Targets
Several brokerages have commented on GLNCY. Barclays restated an “overweight” rating on shares of Glencore in a report on Tuesday, July 7th. Zacks Research lowered Glencore from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. The Goldman Sachs Group upgraded Glencore from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Glencore currently has an average rating of “Moderate Buy” and a consensus target price of $9.30.
Check Out Our Latest Analysis on GLNCY
Glencore Stock Down 0.8%
Glencore Company Profile
Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.
Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.
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