Glencore (OTCMKTS:GLNCY) Hits New 52-Week Low – Should You Sell?

Glencore plc (OTCMKTS:GLNCY)’s share price hit a new 52-week low on Monday . The company traded as low as $9.21 and last traded at $9.25, with a volume of 1054363 shares. The stock had previously closed at $9.30.

Analyst Ratings Changes

Several analysts recently issued reports on GLNCY shares. Barclays raised Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Four analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Glencore Stock Down 2.7 %

The firm’s 50-day simple moving average is $9.98 and its 200 day simple moving average is $10.66.

Glencore Company Profile

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.