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The latest announcement is out from Glencore ( (GB:GLEN) ).
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 repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back initiative expected to conclude in February 2026. This move is aimed at consolidating the company’s share value and providing a strategic advantage in its market positioning.
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 reflects strong operational performance and strategic growth initiatives, including shareholder returns and promising project developments. However, profitability challenges and valuation concerns temper enthusiasm.
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, with a strong market presence in the resource extraction and trading sectors.
Average Trading Volume: 49,713,938
Technical Sentiment Signal: Sell
Current Market Cap: £36.06B
See more data about GLEN stock on TipRanks’ Stock Analysis page.