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RBC Capital Sticks to Their Buy Rating for Glencore (GLEN)

Tipranks - Tipranks - Thu Jun 4, 9:00PM CDT

RBC Capital analyst Ben Davis maintained a Buy rating on Glencore yesterday and set a price target of p610.00.

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Davis covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Ecora Royalties PLC, and Antofagasta. According to TipRanks, Davis has an average return of 27.9% and a 66.67% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glencore with a p620.50 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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