Glencore (OTCMKTS:GLNCY) Price Target Lowered to GBX 525 at Credit Suisse Group

Glencore (OTCMKTS:GLNCY – Free Report) had its price objective trimmed by Credit Suisse Group from GBX 550 ($7.05) to GBX 525 ($6.73) in a research report released on Monday morning, FlyOnTheWall reports.

GLNCY has been the topic of several other reports. Morgan Stanley decreased their target price on shares of Glencore from GBX 600 ($7.69) to GBX 590 ($7.57) in a research report on Friday, May 19th. JPMorgan Chase & Co. lowered their price target on Glencore from GBX 620 ($7.95) to GBX 610 ($7.82) in a report on Monday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Glencore from GBX 575 ($7.37) to GBX 560 ($7.18) in a research note on Monday, June 5th.

Shares of OTCMKTS GLNCY opened at $12.18 on Monday. The firm’s 50-day moving average price is $11.20 and its 200-day moving average price is $11.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.30. Glencore has a 12-month low of $9.63 and a 12-month high of $14.41.

Glencore Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, May 5th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This is an increase from Glencore’s previous dividend of $0.22. This represents a yield of 6.93%.

Glencore Company Profile

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, nickel, zinc, lead, 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.