GLENCORE PLC/ADR (OTCMKTS:GLNCY) – Investment analysts at Jefferies Financial Group cut their FY2021 earnings estimates for shares of GLENCORE PLC/ADR in a research report issued on Tuesday, December 3rd, Zacks Investment Research reports. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will post earnings of $0.60 per share for the year, down from their prior forecast of $0.62.
A number of other equities analysts also recently issued reports on GLNCY. ValuEngine upgraded GLENCORE PLC/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upgraded GLENCORE PLC/ADR from a “sector perform” rating to an “outperform” rating in a research report on Monday, December 2nd. Clarkson Capital reissued a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Monday, September 23rd. UBS Group reissued a “neutral” rating on shares of GLENCORE PLC/ADR in a report on Wednesday, October 9th. Finally, Zacks Investment Research raised shares of GLENCORE PLC/ADR from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.25.
Shares of GLENCORE PLC/ADR stock traded up $0.10 during trading hours on Friday, reaching $6.16. The stock had a trading volume of 451,200 shares, compared to its average volume of 250,555. GLENCORE PLC/ADR has a twelve month low of $5.29 and a twelve month high of $8.91. The stock’s 50 day moving average is $6.13 and its 200 day moving average is $6.17.
GLENCORE PLC/ADR Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.