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Glencore (GLEN) Receives a Hold from Goldman Sachs

Tipranks - Tipranks - Sat May 2, 1:48AM CDT

Goldman Sachs analyst Sahar Islam maintained a Hold rating on Glencore yesterday and set a price target of p600.00. The company’s shares closed yesterday at p567.80.

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According to TipRanks, Islam is a 3-star analyst with an average return of 3.0% and a 64.10% success rate.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glencore with a p580.70 average price target.

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Based on Glencore’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p130.73 billion and a net profit of p1.02 billion. In comparison, last year the company earned a revenue of p113.85 billion and had a GAAP net loss of p1.4 billion

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