Glencore plc (OTCMKTS:GLNCY) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Glencore plc (OTCMKTS:GLNCY) have received a consensus rating of “Strong Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a strong buy rating.

Separately, Berenberg Bank raised Glencore to a “strong-buy” rating in a report on Tuesday, March 11th.

Glencore Stock Down 0.8 %

Shares of OTCMKTS:GLNCY opened at $7.05 on Wednesday. Glencore has a 12-month low of $5.74 and a 12-month high of $12.74. The business has a 50 day moving average of $7.39 and a two-hundred day moving average of $8.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

Glencore Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.085 per share. This represents a dividend yield of 2.75%. The ex-dividend date is Friday, May 2nd.

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.