Glencore (OTCMKTS:GLNCY) Rating Increased to Strong-Buy 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 issued to investors on Monday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Barclays raised shares of Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Glencore Stock Down 2.7 %

OTCMKTS GLNCY traded down $0.25 during mid-day trading on Monday, hitting $8.89. The stock had a trading volume of 753,345 shares, compared to its average volume of 629,581. Glencore has a twelve month low of $8.85 and a twelve month high of $12.74. The firm’s 50 day moving average is $9.98 and its 200 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.