Glencore PLC (GLNCY) Forecasted to Earn FY2017 Earnings of $0.74 Per Share
Glencore PLC (OTC:GLNCY) – Investment analysts at Jefferies Group upped their FY2017 earnings per share estimates for shares of Glencore PLC in a research note issued on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the company will post earnings per share of $0.74 for the year, up from their previous estimate of $0.72.
Other equities research analysts have also recently issued reports about the company. Deutsche Bank AG upgraded Glencore PLC from a “hold” rating to a “buy” rating in a report on Monday, September 25th. Bank of America Corporation cut Glencore PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 26th.
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Shares of Glencore PLC (GLNCY) opened at 9.72 on Friday. The stock has a market capitalization of $69.31 billion, a P/E ratio of 16.64 and a beta of 2.04. Glencore PLC has a 52-week low of $5.28 and a 52-week high of $9.87. The company has a 50 day moving average price of $9.39 and a 200-day moving average price of $8.23.
About Glencore PLC
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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