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

Shares of Glencore plc (OTCMKTS:GLNCY) have earned a consensus rating of “Strong Buy” from the six analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a strong buy rating.

Separately, Berenberg Bank raised Glencore to a “strong-buy” rating in a research report on Tuesday, March 11th.

Glencore Stock Down 1.7%

Shares of OTCMKTS:GLNCY opened at $7.05 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Glencore has a twelve month low of $5.74 and a twelve month high of $12.74. The stock’s 50 day moving average is $7.06 and its 200-day moving average is $8.38.

Glencore Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.085 per share. This represents a yield of 2.75%. The ex-dividend date is Friday, May 2nd.

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.