Jefferies Financial Group restated their buy rating on shares of Glencore (LON:GLEN – Free Report) in a research note published on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 550 ($6.91) target price on the natural resources company’s stock.
Separately, Barclays restated an equal weight rating and set a GBX 515 ($6.47) price objective on shares of Glencore in a research report on Wednesday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Glencore currently has an average rating of Moderate Buy and a consensus price target of GBX 546.25 ($6.86).
Check Out Our Latest Stock Analysis on GLEN
Glencore Stock Performance
Glencore Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, August 29th. This represents a yield of 1.32%. Glencore’s payout ratio is 3,703.70%.
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.
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