Glencore isn't out of the woods yet, say analysts

London

SHARES of Glencore, the giant Swiss-based mining and trading company, may have recovered from a panic sell-off this week, but few analysts consider the company out of danger.

Glencore still has a heavy debt load, and investors remained worried about global economic trends and some management missteps. And the slowing Chinese economy is hurting demand for many of the commodities, like copper, that the company not only mines but also heavily trades.

Those factors have sent the stock reeling in trading in London this summer, from 289 pence in early Jun…