Jefferies Financial Group reaffirmed their buy rating on shares of Glencore (LON:GLEN – Free Report) in a report published on Wednesday, Marketbeat.com reports. The firm currently has a GBX 550 ($6.91) price objective on the natural resources company’s stock.
Separately, Barclays reissued an equal weight rating and issued a GBX 515 ($6.47) price target on shares of Glencore in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of GBX 546.25 ($6.86).
View Our Latest Research Report on GLEN
Glencore Stock Down 0.7 %
Glencore Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 1.32%. Glencore’s dividend payout ratio (DPR) is 3,703.70%.
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, lead, nickel, zinc, 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.
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