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

Glencore plc (OTCMKTS:GLNCY) has received a consensus rating of “Strong Buy” from the five brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a strong buy rating.

Separately, BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th.

Glencore Stock Performance

Shares of GLNCY stock opened at $8.08 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The company’s 50-day simple moving average is $8.72 and its 200-day simple moving average is $9.66. Glencore has a one year low of $7.90 and a one year high of $12.74.

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.