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Glencore ( (GB:GLEN) ) has provided an update.
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 shares were acquired at a volume-weighted average price of £3.1917 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and it 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 stock score reflects a mixed financial performance with significant profitability challenges, but strong technical indicators and positive strategic initiatives. The negative P/E ratio weighs heavily on valuation concerns, while the earnings call highlights ongoing strategic growth, especially in metals and minerals.
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, with a significant focus on trading and distribution of commodities worldwide.
Average Trading Volume: 47,239,047
Technical Sentiment Signal: Sell
Current Market Cap: £37.8B
For detailed information about GLEN stock, go to TipRanks’ Stock Analysis page.