Glencore (OTCMKTS:GLNCY - Get Free Report) was upgraded by equities researchers at BMO Capital Markets from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.
A number of other research firms have also recently commented on GLNCY. Barclays raised shares of Glencore to a "strong-buy" rating in a research report on Wednesday, October 16th. Hsbc Global Res upgraded shares of Glencore from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Five equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company has an average rating of "Strong Buy".
View Our Latest Stock Report on GLNCY
Glencore Stock Performance
Shares of Glencore stock traded down $0.09 during trading hours on Monday, hitting $8.80. The company's stock had a trading volume of 1,315,348 shares, compared to its average volume of 632,380. Glencore has a twelve month low of $8.79 and a twelve month high of $12.74. The firm has a fifty day moving average of $9.94 and a 200-day moving average of $10.64.
Glencore Company Profile
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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.
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