FY2022 EPS Estimates For Glencore Plc Boosted By Analyst

Glencore plc (OTCMKTS:GLNCY – Get Rating) – Equities research analysts at Jefferies Financial Group raised their FY2022 earnings per share estimates for shares of Glencore in a research report issued on Tuesday, June 7th. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will earn $2.44 per share for the year, up from their previous estimate of $1.98. Jefferies Financial Group also issued estimates for Glencore’s FY2023 earnings at $2.28 EPS.
A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets raised shares of Glencore from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 22nd. HSBC started coverage on shares of Glencore in a report on Friday, March 18th. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Glencore from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Glencore from GBX 590 ($7.39) to GBX 580 ($7.27) in a report on Thursday, May 12th. Finally, Morgan Stanley lowered their target price on shares of Glencore from GBX 623 ($7.81) to GBX 620 ($7.77) in a report on Tuesday, May 3rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Glencore presently has a consensus rating of “Buy” and a consensus price target of $2,563.83.
Shares of OTCMKTS GLNCY opened at $13.36 on Thursday. Glencore has a fifty-two week low of $7.91 and a fifty-two week high of $14.00. The firm’s 50-day simple moving average is $12.77 and its 200 day simple moving average is $11.64. The company has a quick ratio of 0.59, a current ratio of 1.17 and a debt-to-equity ratio of 0.75.
The business also recently announced a dividend, which was paid on Monday, June 6th. Investors of record on Friday, April 22nd were given a $0.221 dividend. The ex-dividend date was Thursday, April 21st. This represents a yield of 2.88%.
About Glencore (Get Rating)
Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.