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Glencore ( (GB:GLEN) ) has issued an update.
Glencore PLC announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £3.0505 to £3.1670, with a volume-weighted average price of £3.0919. 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, impacting the total number of voting rights and potentially influencing shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.
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 strong earnings call results and positive corporate events, particularly the share buyback program. However, financial challenges related to profitability and valuation concerns due to a negative P/E ratio weigh down the score.
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, minerals, energy products, and agricultural commodities. The company operates globally, focusing on the extraction and trading of raw materials essential for various industries.
Average Trading Volume: 46,202,607
Technical Sentiment Signal: Sell
Current Market Cap: £37.61B
For a thorough assessment of GLEN stock, go to TipRanks’ Stock Analysis page.