Glencore PLC (ADR) (OTC:GLNCY) Given “Sector Perform” Rating At RBC Capital Markets, Is a Move on The Horizon?

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How RBC Capital Markets Currently Rates Glencore PLC (ADR) (OTC:GLNCY)

Expert analysts at RBC Capital Markets have begun coverage Glencore PLC (ADR) (OTC:GLNCY) shares in analysts report published on 3 December, IR.net reports. The firm has set a “Sector Perform” rating on GLNCY stock.

From a total of 6 analysts covering Glencore PLC (ADR) (OTC:GLNCY) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 33% of the ratings are positive. Glencore PLC (ADR) was the topic of 7 analyst reports since September 9, 2015 according to the firm StockzIntelligence Inc. Investec downgraded shares on October 30 to “Sell” rating. SP Angel maintained GLNCY stock in a recent report from September 15 with “Buy” rating. Finally, Macquarie Research upgraded the stock to “Outperform” rating in a report issued on a September 9.

Approximately 112,364 shares of stock traded hands. Glencore International PLC, St. Helier (OTC:GLNCY) has declined 71.58% since April 30, 2015 and is downtrending. It has underperformed by 71.29% the S&P500.

Glencore PLC (ADR) (OTC:GLNCY) Given

According to Zacks Investment Research, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland.” Get a free copy of the Zacks research report on Glencore International PLC, St. Helier (GLNCY).

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