Glencore plc (OTCMKTS:GLNCY – Get Rating) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 141,400 shares, an increase of 233.5% from the May 15th total of 42,400 shares. Based on an average trading volume of 1,163,200 shares, the days-to-cover ratio is currently 0.1 days.
GLNCY has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on Glencore from GBX 550 ($6.89) to GBX 600 ($7.52) in a research note on Wednesday, March 9th. Barclays lifted their target price on shares of Glencore from GBX 730 ($9.15) to GBX 770 ($9.65) in a research report on Wednesday, May 25th. HSBC began coverage on shares of Glencore in a research report on Friday, March 18th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Glencore from GBX 590 ($7.39) to GBX 580 ($7.27) in a report on Thursday, May 12th. Finally, BMO Capital Markets upgraded Glencore from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $3,074.00.
Shares of OTCMKTS:GLNCY traded down $0.68 during trading on Friday, reaching $12.52. The stock had a trading volume of 862,800 shares, compared to its average volume of 505,006. Glencore has a 52 week low of $7.91 and a 52 week high of $14.00. The company has a current ratio of 1.17, a quick ratio of 0.59 and a debt-to-equity ratio of 0.75. The firm’s fifty day moving average is $12.75 and its 200 day moving average is $11.68.
The company also recently announced a dividend, which was paid on Monday, June 6th. Investors of record on Friday, April 22nd were issued a $0.221 dividend. The ex-dividend date was Thursday, April 21st. This represents a yield of 2.88%.
Glencore Company Profile (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.
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.