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Glencore (GLEN) Gets a Hold from Goldman Sachs

Tipranks - Tipranks - Fri Feb 20, 1:41AM CST

In a report released today, Matt Greene from Goldman Sachs maintained a Hold rating on Glencore, with a price target of p540.00.

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According to TipRanks, Greene is a 4-star analyst with an average return of 11.1% and a 54.60% success rate. Greene covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and Antofagasta.

In addition to Goldman Sachs, Glencore also received a Hold from J.P. Morgan’s Dominic OKane in a report issued on February 11. However, yesterday, Barclays maintained a Buy rating on Glencore (LSE: GLEN).

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Based on Glencore’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p117.4 billion and a GAAP net loss of p655 million. In comparison, last year the company earned a revenue of p117.09 billion and had a GAAP net loss of p233 million

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