Glencore (OTCMKTS:GLNCY) Shares Gap Down - Here's What Happened

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $8.00, but opened at $7.79. Glencore shares last traded at $7.82, with a volume of 7,907 shares.Analyst Upgrades and DowngradesFreyr Battery Powers Up After Successful Tests, NYSE PresentationSeveral brokerages recently issued reports on GLNCY. The Goldman Sachs Group cut Glencore to a "neutral" rating in a research report on Thursday, August 7th. Citigroup reiterated a "buy" rating on shares of Glencore in a research note on Thursday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Strong Buy".Read Our Latest Stock Report on GLNCYGlencore Trading Down 2.0%The stock has a 50 day moving average of $8.03 and a two-hundred day moving average of $7.66. The company has a quick ratio of 0.60, a current ratio of 1.20 and a debt-to-equity ratio of 0.77. Glencore Dividend AnnouncementThe business also recently disclosed a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 1st will be paid a $0.085 dividend. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 210.0%. About Glencore (Get Free Report)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.Further ReadingFive stocks we like better than GlencoreWhy Are Stock Sectors Important to Successful Investing?Ollie’s Bargain Outlet: Buy it While It’s Still a BargainWhat is a Secondary Public Offering? What Investors Need to KnowKeurig Dr. Pepper Shares Plummet on Acquisition—Buy the Dip?About the Markup CalculatorDefense Dividends: 3 Strong Performers That Are Raising PayoutsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Glencore Right Now?Before you consider Glencore, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Glencore wasn't on the list.While Glencore currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here