Glencore plc (OTCMKTS:GLNCY – Get Rating) – Equities researchers at Jefferies Financial Group boosted their FY2022 earnings per share estimates for Glencore in a research note issued on Tuesday, September 27th. Jefferies Financial Group analyst C. Lafemina now forecasts that the energy company will post earnings of $3.12 per share for the year, up from their prior forecast of $2.76. The consensus estimate for Glencore's current full-year earnings is $3.07 per share. Jefferies Financial Group also issued estimates for Glencore's FY2023 earnings at $2.24 EPS, FY2024 earnings at $1.88 EPS and FY2025 earnings at $1.42 EPS.Get Glencore alerts:
A number of other research analysts also recently commented on the company. Morgan Stanley lowered their target price on Glencore from GBX 740 ($8.94) to GBX 730 ($8.82) in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) in a research note on Wednesday, June 29th. Credit Suisse Group raised Glencore from a "neutral" rating to an "outperform" rating in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. upped their price target on Glencore from GBX 590 ($7.13) to GBX 640 ($7.73) in a report on Thursday, September 22nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $660.00.
Glencore Stock Down 2.8 %OTCMKTS:GLNCY opened at $10.48 on Friday. Glencore has a 1-year low of $9.17 and a 1-year high of $14.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.17 and a quick ratio of 0.59. The business's fifty day moving average price is $11.08 and its 200 day moving average price is $11.75.
Glencore Dividend Announcement
The company also recently declared a dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, September 2nd were paid a $0.221 dividend. This represents a dividend yield of 3.94%. The ex-dividend date was Thursday, September 1st.
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.
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