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 report report published on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on GLNCY. Barclays upgraded Glencore to a “strong-buy” rating in a research note 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. Five equities research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Glencore Trading Down 2.7 %

Shares of OTCMKTS:GLNCY traded down $0.25 during trading hours on Monday, reaching $8.89. The stock had a trading volume of 753,345 shares, 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 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.