Glencore (OTCMKTS:GLNCY) Stock Rating Upgraded by BMO Capital Markets

Glencore (OTCMKTS:GLNCY) was upgraded by BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on GLNCY. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Barclays raised shares of Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Glencore Stock Down 2.7 %

Shares of GLNCY stock traded down $0.25 on Monday, hitting $8.89. 753,345 shares of the stock were exchanged, compared to its average volume of 629,581. Glencore has a fifty-two week low of $8.85 and a fifty-two week high of $12.74. The business has a 50-day moving average of $9.98 and a 200 day moving average of $10.66.

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.