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The latest announcement is out from Glencore ( (GB:GLEN) ).
Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £3.1895 to £3.2550, with a volume-weighted average price of £3.2208. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, and the total number of voting rights remains unchanged, allowing shareholders to calculate their interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Spark’s Take on GB:GLEN Stock
According to Spark, TipRanks’ AI Analyst, GB:GLEN is a Neutral.
Glencore’s stock score is driven by strong technical indicators and positive earnings call highlights. Financial performance shows mixed results, with profitability challenges. Valuation concerns due to a negative P/E ratio and low dividend yield are notable risks.
To see Spark’s full report on GB:GLEN stock, click here.
More about Glencore
Glencore plc is a leading multinational commodity trading and mining company, primarily engaged in the production and marketing of metals and minerals, energy products, and agricultural products. The company operates globally, focusing on the extraction, processing, and trading of commodities, serving a diverse range of industries and markets.
Average Trading Volume: 49,431,362
Technical Sentiment Signal: Sell
Current Market Cap: £36.06B
Learn more about GLEN stock on TipRanks’ Stock Analysis page.