Glencore (OTCMKTS:GLNCY) Upgraded at BMO Capital Markets

Glencore (OTCMKTS:GLNCY) was upgraded by analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Barclays raised shares of Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Hsbc Global Res raised Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Five investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Glencore presently has a consensus rating of “Strong Buy”.

Glencore Price Performance

GLNCY stock traded down $0.25 on Monday, reaching $8.89. The company had a trading volume of 753,345 shares, compared to its average volume of 629,581. The company’s fifty day moving average is $9.98 and its 200 day moving average is $10.66. Glencore has a 1 year low of $8.85 and a 1 year high of $12.74.

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.