5 Copper Stocks to Buy Now as Recession Fears Recede

2. Glencore plc (OTC:GLNCY)

Number of Hedge Fund Holders: N/A

Glencore plc (OTC:GLNCY) is a Swiss company that refines, processes, and transports metals, minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. The company produces copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore. Glencore plc (OTC:GLNCY) recorded an H1 profit of $18.6 billion and said it will return an additional $4.5 billion to shareholders in dividends and share buybacks. 

On August 5, JPMorgan analyst Dominic O’Kane reiterated an Overweight rating on Glencore plc (OTC:GLNCY) and lowered the price target on the shares to 590 GBp from 620 GBp.