Glencore plc (OTCMKTS:GLNCY) Receives Average Recommendation of “Strong Buy” from Brokerages

Glencore plc (OTCMKTS:GLNCY) has been given an average rating of “Strong Buy” by the five analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a strong buy rating.

GLNCY has been the topic of several research reports. Barclays raised Glencore to a “strong-buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th.

Glencore Price Performance

Shares of GLNCY stock opened at $8.94 on Thursday. The company’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $10.57. Glencore has a 52 week low of $8.66 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.