Glencore (OTCMKTS:GLNCY) Rating Increased to Strong-Buy at Hsbc Global Res

Glencore (OTCMKTS:GLNCY) was upgraded by research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Citigroup upgraded shares of Glencore to a “strong-buy” rating in a research note on Thursday, August 8th. The Goldman Sachs Group raised shares of Glencore to a “strong-buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada upgraded Glencore to a “moderate buy” rating in a research report on Thursday, August 8th. Finally, Barclays raised Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, Glencore has an average rating of “Strong Buy”.

Glencore Trading Up 0.3 %

Shares of GLNCY stock opened at $10.51 on Monday. Glencore has a twelve month low of $9.26 and a twelve month high of $12.74. The stock has a 50 day moving average of $10.52 and a 200 day moving average of $11.21.

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.