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Glencore ( (GB:GLEN) ) just unveiled 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 prices ranging from £3.0805 to £3.1320, with a volume-weighted average price of £3.1032. These transactions are part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. This move is likely to impact the company’s share value and shareholder returns, as it reduces the number of shares in circulation, potentially increasing earnings per share and enhancing 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 Outperform.
Glencore’s overall score reflects a mixed financial performance with strong operational cash flows but declining profitability. Technical analysis and corporate events provide positive momentum and shareholder value. Valuation concerns due to negative earnings impact the score.
To see Spark’s full report on GB:GLEN stock, click here.
More about Glencore
Glencore is a leading company in the mining and commodities industry, known for its extensive operations in the extraction and trading of metals, minerals, and energy products. It has a significant presence in global markets, focusing on the production and marketing of resources essential for industrial and economic development.
Average Trading Volume: 51,635,380
Technical Sentiment Signal: Sell
Current Market Cap: £37.14B
For detailed information about GLEN stock, go to TipRanks’ Stock Analysis page.