Royal Bank of Canada upgraded shares of Glencore (OTCMKTS:GLNCY – Free Report) 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.
Get Our Latest Stock Analysis on GLNCY
Glencore Trading Up 0.8 %
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.
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