Glencore (OTCMKTS:GLNCY) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Glencore (OTCMKTS:GLNCY) to a strong-buy rating in a research note published on Wednesday, Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada raised shares of Glencore to a “moderate buy” rating in a research report on Thursday, August 8th. The Goldman Sachs Group upgraded shares of Glencore to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Citigroup upgraded shares of Glencore to a “strong-buy” rating in a report on Thursday, August 8th.

Glencore Price Performance

Glencore stock opened at $10.60 on Wednesday. Glencore has a 1 year low of $9.26 and a 1 year high of $12.74. The firm has a 50-day moving average of $10.52 and a two-hundred day moving average of $11.27.

Glencore Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $0.1105 dividend. The ex-dividend date of this dividend was Friday, August 30th.

Glencore Company Profile

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.