Royal Bank of Canada Reiterates “Outperform” Rating for Glencore (GLEN)

Royal Bank of Canada reiterated their outperform rating on shares of Glencore (LON:GLEN) in a research report released on Friday. They currently have a GBX 410 ($5.50) price objective on the natural resources company’s stock.

GLEN has been the subject of several other reports. Goldman Sachs reiterated a conviction-buy rating and issued a GBX 520 ($6.98) price objective on shares of Glencore in a research report on Monday, March 26th. Credit Suisse Group set a GBX 490 ($6.57) price objective on Glencore and gave the company a buy rating in a research report on Tuesday, March 27th. JPMorgan Chase set a GBX 570 ($7.65) price objective on Glencore and gave the company a buy rating in a research report on Monday, February 5th. Barclays reiterated an overweight rating and issued a GBX 450 ($6.04) price objective on shares of Glencore in a research report on Wednesday, January 24th. Finally, Citigroup reiterated a buy rating and issued a GBX 410 ($5.50) price objective on shares of Glencore in a research report on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 419.95 ($5.63).

Shares of Glencore opened at GBX 387.70 ($5.20) on Friday, according to Marketbeat.com. Glencore has a 52-week low of GBX 270 ($3.62) and a 52-week high of GBX 416.91 ($5.59).

The business also recently disclosed a dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 6th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, September 6th.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. 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.

Analyst Recommendations for Glencore (LON:GLEN)

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