Royal Bank of Canada upgraded shares of Glencore (OTCMKTS:GLNCY – Free Report) to a moderate buy rating in a research note released on Thursday morning, Zacks.com reports.
A number of other research analysts have also recently commented on the stock. The Goldman Sachs Group raised shares of Glencore to a strong-buy rating in a report on Thursday. Citigroup raised shares of Glencore to a strong-buy rating in a research note on Thursday.
View Our Latest Research Report on Glencore
Glencore Stock Up 0.8 %
Glencore Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.1105 dividend. The ex-dividend date of this dividend is Friday, August 30th.
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.
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