Glencore (OTCMKTS:GLNCY) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Glencore (OTCMKTS:GLNCY) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Barclays raised Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Glencore Stock Performance

Shares of GLNCY traded down $0.25 on Monday, hitting $8.89. 753,345 shares of the stock traded hands, compared to its average volume of 629,581. Glencore has a 1 year low of $8.85 and a 1 year high of $12.74. The stock’s 50 day moving average is $9.98 and its two-hundred day moving average is $10.66.

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.