Glencore plc (OTCMKTS:GLNCY – Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $9.21 and last traded at $9.25, with a volume of 1054363 shares traded. The stock had previously closed at $9.30.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Barclays raised shares of Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.
Check Out Our Latest Research Report on Glencore
Glencore Price Performance
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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