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Glencore ( (GB:GLEN) ) has provided an update.
Glencore plc has announced the purchase of 900,000 of its own ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £2.9925 to £3.0425 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back initiative, which is set to conclude in February 2026, and reflects the company’s strategy to manage its capital structure and return value to shareholders.
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 score is driven by solid strategic initiatives and operational performance, as highlighted in the earnings call and corporate events. However, financial challenges, including negative profitability and valuation concerns, weigh on the score. Technical indicators suggest caution, with mixed signals on market momentum.
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. It operates in the metals and minerals, energy products, and agricultural products sectors, focusing on the production and trading of commodities such as copper, cobalt, nickel, zinc, and coal.
Average Trading Volume: 45,676,083
Technical Sentiment Signal: Sell
Current Market Cap: £35.66B
For an in-depth examination of GLEN stock, go to TipRanks’ Overview page.