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

Shares of Glencore plc (OTCMKTS:GLNCY) have received an average rating of “Strong Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a strong buy rating.

Several brokerages have weighed in on GLNCY. BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Barclays upgraded Glencore to a “strong-buy” rating in a research report on Wednesday, October 16th.

Glencore Stock Down 0.6 %

GLNCY stock opened at $9.18 on Monday. The business’s 50-day moving average price is $9.28 and its 200-day moving average price is $10.26. Glencore has a twelve month low of $8.66 and a twelve month 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.