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J.P. Morgan Keeps Their Hold Rating on Glencore (GLEN)

Tipranks - Tipranks - Wed May 27, 8:12AM CDT

In a report released today, Dominic OKane from J.P. Morgan reiterated a Hold rating on Glencore, with a price target of p560.00.

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OKane covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Anglo American, and Glencore. According to TipRanks, OKane has an average return of 3.4% and a 54.44% success rate on recommended stocks.

Glencore has an analyst consensus of Moderate Buy, with a price target consensus of p620.50.

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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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