#5 - Glencore (OTCMKTS:GLCNF)
Glencore Plc (OTCMKTS: GLCNF) is one of the world’s leading copper producers. The Anglo-Swiss company got into some serious debt problems in the mid-2010s that nearly threw the company into bankruptcy. But the company is free of debt and with an $80 billion market cap, the company is looking to continue its strategy of growth through acquisition.
According to Bloomberg, the company has told investors it has four significant projects, mostly in South America, that will reward them if copper prices continue to rise.
That being said, this is an OTC stock and short interest has been increasing sharply in the last month. Still with a price of just around $6 per share, Glencore could be a good value for speculative investors. Particularly since it recently announced a plan in which it will return $7.1 billion to shareholders in the form of dividends and share buybacks.
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.
Read More - Current Price
- $4.80
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
