Glencore Advances Share Buy-Back Program with Latest Purchase

Glencore ( (GB:GLEN) ) just unveiled an announcement.

Glencore PLC announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The shares were bought at prices ranging from 283.95p to 288.40p, with an average price of 286.36p per share. This transaction increases the company’s treasury shares to 1,290,288,041, while the total number of shares in issue remains at 11,934,711,959. The buy-back program, which aims to optimize the capital structure and enhance shareholder value, is expected to conclude by August 6, 2025.

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 overall stock score reflects a balanced outlook with significant strengths in technical analysis and corporate events. The financial performance and valuation are areas of concern, primarily due to declining profitability and negative earnings. The company’s strategic initiatives and robust cash distribution programs, however, add to the positive sentiment.

To see Spark’s full report on GB:GLEN stock, click here.

More about Glencore

Glencore 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 and trading of natural resources.

Average Trading Volume: 54,564,407

Technical Sentiment Signal: Sell

Current Market Cap: £34.51B

See more insights into GLEN stock on TipRanks’ Stock Analysis page.