moomoo ID:NaN
Log Out
Log in to access Online Inquiry

FY2022 EPS Estimates for Glencore Plc Lifted by Analyst (OTCMKTS:GLNCY)

Defense World ·  {{timeTz}}

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.

About Glencore

(Get Rating)

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.

Further Reading

  • Get a free copy of the StockNews.com research report on Glencore (GLNCY)
  • EV Battery Maker Freyr Set For Major Global Expansion
  • MarketBeat: Week in Review 9/26 – 9/30
  • This Is A Memorable Time To Buy Into Micron Technology
  • Thor Industries Hammers Out A Bottom
  • Let Paychex Stock Work Hard For You

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.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.