Glencore (LON:GLEN) Sets New 12-month Low At $4.93

Glencore plc (LON:GLEN – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 4.93 ($0.06) and last traded at GBX 498.20 ($6.17), with a volume of 10238030 shares. The stock had previously closed at GBX 487.65 ($6.04).

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group set a GBX 700 ($8.67) target price on Glencore in a report on Wednesday, February 15th. JPMorgan Chase & Co. lowered their target price on Glencore from GBX 630 ($7.80) to GBX 620 ($7.68) and set an “overweight” rating for the company in a report on Monday, March 13th. AlphaValue cut Glencore to an “add” rating in a report on Wednesday, February 15th. Credit Suisse Group set a GBX 625 ($7.74) price objective on Glencore in a research note on Friday, February 17th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 600 ($7.43) price objective on shares of Glencore in a research note on Thursday, February 2nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 614.17 ($7.61).

Glencore Stock Performance

The firm has a market cap of £61.81 billion, a price-to-earnings ratio of 463.87, a price-to-earnings-growth ratio of 0.43 and a beta of 1.28. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 64.96. The stock has a fifty day moving average price of GBX 482.06 and a 200-day moving average price of GBX 511.96.

Glencore Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a dividend yield of 3.51%. This is a positive change from Glencore’s previous dividend of $0.13. Glencore’s payout ratio is presently 3,396.23%.

About Glencore

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.