Citigroup upgraded shares of Glencore (OTCMKTS:GLNCY – Free Report) to a strong-buy rating in a research note published on Thursday morning, Zacks.com reports.
Glencore Trading Up 0.8 %
Glencore stock opened at $10.29 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.29 and a quick ratio of 0.66. The business’s fifty day moving average is $11.47 and its two-hundred day moving average is $11.18. Glencore has a 52 week low of $9.26 and a 52 week high of $12.74.
Glencore Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $0.1105 dividend. The ex-dividend date of this dividend is Friday, August 30th.
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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