Glencore PLC (OTCMKTS:GLNCY – Get Free Report) saw unusually-high trading volume on Tuesday . 2,343,392 shares changed hands during trading, an increase of 197% from the previous session’s volume of 790,178 shares.The stock last traded at $15.99 and had previously closed at $15.96.
Analyst Ratings Changes
A number of research firms have recently issued reports on GLNCY. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a report on Thursday, July 30th. The Goldman Sachs Group raised Glencore from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research note on Monday, August 24th. Citigroup restated a “buy” rating on shares of Glencore in a research report on Wednesday, August 12th. Finally, Barclays reaffirmed an “overweight” rating on shares of Glencore in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.30.
Check Out Our Latest Report on GLNCY
Glencore Stock Performance
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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