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Glencore ( (GB:GLEN) ) has provided an update.
Glencore plc announced the repurchase of 3 million of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £2.8600 to £2.9590, with an average price of £2.8806. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder calculations under the FCA’s regulations.
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 outlook. The most significant factor is the company’s financial performance, which shows challenges in profitability and cash flow growth. Technical analysis suggests potential short-term weakness, while valuation concerns arise from a negative P/E ratio. The earnings call provided a positive sentiment with strong financial results and strategic initiatives, and corporate events like the share buy-back program support shareholder value. However, these positives are balanced by operational and market pressures.
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 is primarily involved in the production and marketing of metals, minerals, energy products, and agricultural goods. The company operates globally, with a significant focus on the extraction and trading of resources such as copper, zinc, nickel, and coal.
Average Trading Volume: 44,909,039
Technical Sentiment Signal: Sell
Current Market Cap: £35.74B
See more data about GLEN stock on TipRanks’ Stock Analysis page.