Glencore (OTCMKTS:GLNCY) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Glencore PLC (OTCMKTS:GLNCY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.68 and traded as high as $9.33. Glencore shares last traded at $9.31, with a volume of 537,037 shares trading hands.

Analyst Upgrades and Downgrades

GLNCY has been the subject of several research reports. The Goldman Sachs Group downgraded shares of Glencore to a “neutral” rating in a research report on Thursday, August 7th. Citigroup reissued a “buy” rating on shares of Glencore in a research report on Friday, September 26th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Glencore Stock Performance

The stock’s fifty day simple moving average is $8.15 and its 200-day simple moving average is $7.68.

Glencore Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, September 1st were paid a dividend of $0.085 per share. This represents a dividend yield of 210.0%. The ex-dividend date was Friday, August 29th.

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.