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Glencore ( (GB:GLEN) ) has issued an announcement.
Glencore plc has announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares, purchased at a volume-weighted average price of £3.1005, will be held in treasury, increasing the company’s treasury shares to over 1.29 billion. This move 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 enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £410.00 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 reflects strong technical indicators and positive corporate events, balanced by mixed financial performance and challenging valuation. The earnings call supports a resilient operational outlook, despite profitability concerns.
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 goods. With a strong presence in the global market, Glencore focuses on optimizing its supply chain and maintaining a competitive edge in the commodity sector.
Average Trading Volume: 51,852,553
Technical Sentiment Signal: Sell
Current Market Cap: £36.43B
See more insights into GLEN stock on TipRanks’ Stock Analysis page.