Glencore (OTCMKTS:GLNCY) Sets New 12-Month High – Here’s What Happened

Glencore PLC (OTCMKTS:GLNCY) hit a new 52-week high on Tuesday . The company traded as high as $15.71 and last traded at $15.50, with a volume of 482143 shares. The stock had previously closed at $15.41.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GLNCY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a research note on Wednesday, February 4th. Barclays restated an “overweight” rating on shares of Glencore in a research note on Wednesday, February 25th. Citigroup restated a “buy” rating on shares of Glencore in a research note on Monday, April 13th. HSBC upgraded Glencore from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, UBS Group upgraded Glencore to a “hold” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.30.

Glencore Stock Performance

The stock has a 50 day simple moving average of $14.61 and a 200 day simple moving average of $12.44. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.54 and a current ratio of 1.06.

Glencore Company Profile

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.