Glencore (OTCMKTS:GLNCY) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Glencore (OTCMKTS:GLNCY) in a research report report published on Monday, The Fly reports.

GLNCY has been the topic of a number of other reports. Morgan Stanley reiterated an overweight rating on shares of Glencore in a report on Wednesday, September 29th. UBS Group reiterated a buy rating on shares of Glencore in a report on Tuesday, June 29th. Royal Bank of Canada reiterated an outperform rating on shares of Glencore in a report on Tuesday, September 28th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Glencore from a strong-buy rating to a hold rating in a report on Tuesday, August 24th. Finally, AlphaValue upgraded shares of Glencore from a reduce rating to a buy rating in a report on Wednesday, August 18th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $11.00.

GLNCY opened at $10.18 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.52 and a current ratio of 1.10. Glencore has a fifty-two week low of $3.90 and a fifty-two week high of $10.20. The firm’s fifty day moving average is $9.18 and its 200 day moving average is $8.82. The stock has a market cap of $67.57 billion, a price-to-earnings ratio of 33.93 and a beta of 1.77.

The firm also recently announced a dividend, which was paid on Tuesday, October 5th. Stockholders of record on Friday, September 3rd were issued a $0.32 dividend. The ex-dividend date was Thursday, September 2nd. This is an increase from Glencore’s previous dividend of $0.12. This represents a dividend yield of 3.52%. Glencore’s payout ratio is 96.67%.

About Glencore

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other.

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