Glencore plc (OTCMKTS:GLNCY – Get Rating) declared a dividend on Wednesday, August 31st, investing.com reports. Investors of record on Friday, September 2nd will be paid a dividend of 0.221 per share by the energy company on Thursday, September 29th. This represents a yield of 3.94%. The ex-dividend date is Thursday, September 1st.

Glencore Stock Down 3.6 %

GLNCY stock opened at $11.21 on Wednesday. Glencore has a one year low of $8.43 and a one year high of $14.00. The firm has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.94. The company has a quick ratio of 0.59, a current ratio of 1.17 and a debt-to-equity ratio of 0.75.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GLNCY shares. Credit Suisse Group raised shares of Glencore from a "neutral" rating to an "outperform" rating in a research note on Wednesday, July 6th. Morgan Stanley dropped their price target on Glencore from GBX 740 ($8.94) to GBX 730 ($8.82) in a research report on Tuesday, August 2nd. Barclays raised their price objective on Glencore from GBX 730 ($8.82) to GBX 770 ($9.30) in a research report on Wednesday, May 25th. JPMorgan Chase & Co. upped their target price on Glencore from GBX 630 ($7.61) to GBX 640 ($7.73) in a report on Tuesday, July 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) in a report on Wednesday, June 29th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Glencore currently has a consensus rating of "Buy" and an average target price of $660.00.

Glencore Company Profile

Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.

Featured Articles

• Get a free copy of the StockNews.com research report on Glencore (GLNCY)
• Can Pinterest Rally On Support From Big Investor With Conviction?
• Chargepoint Rallies, Despite Weaker Earnings
• Is Cadence Close To A Cup-With-High-Handle Breakout?
• How the Pandemic Forced F5 to Flex its Software Side
• Shock Absorbers: 3 Low Volatility Dividend Stocks for Bumpy Times

Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.