Glencore (OTCMKTS:GLNCY) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Glencore (OTCMKTS:GLNCY) to a moderate buy rating in a research report report published on Thursday morning, Zacks.com reports.

GLNCY has been the subject of several other reports. The Goldman Sachs Group raised shares of Glencore to a strong-buy rating in a research report on Thursday. Citigroup raised shares of Glencore to a strong-buy rating in a research note on Thursday.

Glencore Trading Up 0.8 %

Shares of OTCMKTS GLNCY opened at $10.29 on Thursday. The business has a 50 day simple moving average of $11.47 and a 200 day simple moving average of $11.18. Glencore has a 52 week low of $9.26 and a 52 week high of $12.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.29 and a quick ratio of 0.66.

Glencore Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a $0.1105 dividend. The ex-dividend date of this dividend is Friday, August 30th.

Glencore Company Profile

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.