According to Zacks, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland. “
Other research analysts have also recently issued reports about the company. Societe Generale raised Glencore International PLC, St. Helier from a hold rating to a buy rating in a research report on Tuesday, August 2nd. Liberum Capital raised Glencore International PLC, St. Helier from a sell rating to a hold rating in a research report on Thursday, September 22nd. Credit Suisse Group AG lowered Glencore International PLC, St. Helier from an outperform rating to a neutral rating in a research note on Monday, July 18th. Sanford C. Bernstein restated an outperform rating on shares of Glencore International PLC, St. Helier in a research note on Thursday, September 22nd. Finally, Morgan Stanley lowered Glencore International PLC, St. Helier from an equal weight rating to an underweight rating in a research note on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $5.75.
Glencore International PLC, St. Helier (NASDAQ:GLNCY) traded down 1.06% during mid-day trading on Wednesday, reaching $5.61. 59,695 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $5.08 and its 200 day moving average price is $4.52. Glencore International PLC, St. Helier has a 12 month low of $1.95 and a 12 month high of $5.72. The stock’s market capitalization is $39.91 billion.
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