Glencore (OTCMKTS:GLNCY) Given New GBX 640 Price Target at JPMorgan Chase & Co.

Glencore (OTCMKTS:GLNCYGet Rating) had its target price upped by JPMorgan Chase & Co. from GBX 590 ($7.13) to GBX 640 ($7.73) in a research report sent to investors on Thursday morning, The Fly reports.

A number of other analysts have also weighed in on GLNCY. Morgan Stanley cut their target price on shares of Glencore from GBX 740 ($8.94) to GBX 730 ($8.82) in a research note on Tuesday, August 2nd. Barclays upped their target price on shares of Glencore from GBX 730 ($8.82) to GBX 770 ($9.30) in a research note on Wednesday, May 25th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) in a research note on Wednesday, June 29th. Finally, Credit Suisse Group upgraded shares of Glencore from a neutral rating to an outperform rating in a research note on Wednesday, July 6th. Seven investment analysts have rated the stock with a buy rating, Based on data from, the company has a consensus rating of Buy and an average target price of $660.00.

Glencore Stock Up 1.9 %

GLNCY stock opened at $11.03 on Thursday. The company’s 50 day moving average price is $11.05 and its 200 day moving average price is $11.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.59 and a current ratio of 1.17. Glencore has a fifty-two week low of $8.92 and a fifty-two week high of $14.00.

Glencore Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 2nd will be issued a $0.221 dividend. This represents a dividend yield of 3.94%. The ex-dividend date is Thursday, September 1st.

About Glencore

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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.

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