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Glencore ( (GB:GLEN) ) has shared an update.
Glencore plc has 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 repurchased shares will be held in treasury, bringing the total number of shares held in treasury to over 1.3 billion. This transaction is part of the second phase of Glencore’s buy-back initiative, which is expected to conclude in February 2026. The 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 Neutral.
Glencore’s overall stock score reflects strong technical momentum and positive strategic actions like share buybacks. However, financial challenges with profitability and a negative P/E ratio weigh on the score. The earnings call provided a balanced outlook, highlighting growth potential and operational strengths.
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 and trading of commodities such as copper, zinc, nickel, and coal, with significant market influence in the mining and resources sector.
Average Trading Volume: 47,274,728
Technical Sentiment Signal: Hold
Current Market Cap: £38.33B
For a thorough assessment of GLEN stock, go to TipRanks’ Stock Analysis page.