Glencore (OTCMKTS:GLNCY – Get Free Report) is anticipated to announce its resultson Wednesday, August 5th. Analysts expect Glencore to announce earnings of $0.2605 per share and revenue of $143.1750 billion for the quarter.
Glencore Price Performance
Shares of OTCMKTS:GLNCY opened at $13.43 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.54 and a current ratio of 1.06. The business has a fifty day moving average of $14.61 and a two-hundred day moving average of $14.34. Glencore has a 52-week low of $7.44 and a 52-week high of $16.62.
Wall Street Analyst Weigh In
GLNCY has been the subject of several analyst reports. HSBC raised shares of Glencore from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a report on Thursday, April 9th. Citigroup reiterated a “buy” rating on shares of Glencore in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glencore in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group upgraded Glencore from a “hold” rating to a “buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Glencore currently has an average rating of “Moderate Buy” and a consensus target price of $9.30.
About Glencore
Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.
Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value?added materials and services.
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