Glencore Advances Share Buy-Back Program with 900,000 Share Purchase

An announcement from Glencore ( (GB:GLEN) ) is now available.

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £3.0125 to £3.0800, with a volume-weighted average price of £3.0547. These repurchased shares will be held in treasury, and the transaction is part of the second phase of Glencore’s buy-back initiative, expected to conclude in February 2026. This move is likely to impact the company’s share value and voting rights, as it adjusts its capital structure and enhances shareholder value.

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 Outperform.

Glencore’s overall stock score reflects a balanced outlook with strengths in strategic growth and corporate actions. However, financial challenges, particularly in profitability and valuation, limit the score. Technical and earnings indicators provide moderate optimism, but cautiousness remains due to mixed long-term trends.

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, minerals, energy products, and agricultural products. The company operates globally, focusing on the extraction and trading of commodities such as copper, zinc, nickel, coal, and oil, serving a wide range of industries including automotive, power generation, and manufacturing.

Average Trading Volume: 52,177,208

Technical Sentiment Signal: Sell

Current Market Cap: £35.42B

For detailed information about GLEN stock, go to TipRanks’ Stock Analysis page.