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Glencore (OTCMKTS:GLNCY) Upgraded by Hsbc Global Res to Strong-Buy Rating

Glencore logo with Basic Materials background

Glencore (OTCMKTS:GLNCY - Get Free Report) was upgraded by Hsbc Global Res from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday, Zacks.com reports.

GLNCY has been the topic of several other research reports. The Goldman Sachs Group raised shares of Glencore to a "strong-buy" rating in a research report on Thursday, August 8th. Citigroup raised Glencore to a "strong-buy" rating in a research report on Thursday, August 8th. Royal Bank of Canada raised Glencore to a "moderate buy" rating in a research report on Thursday, August 8th. Finally, Barclays raised Glencore to a "strong-buy" rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the company has an average rating of "Strong Buy".

Read Our Latest Analysis on GLNCY

Glencore Trading Up 1.0 %

Shares of Glencore stock traded up $0.11 on Monday, hitting $10.62. 442,820 shares of the company were exchanged, compared to its average volume of 600,508. The company has a 50-day moving average price of $10.52 and a 200 day moving average price of $11.21. Glencore has a 1-year low of $9.26 and a 1-year high of $12.74.

Glencore Company Profile

(Get Free Report)

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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