Glencore Advances Share Buy-Back Program with Recent Share Purchase

Glencore ( (GB:GLEN) ) just unveiled an update.

Glencore plc has 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 £2.8435 to £2.8885, with a volume-weighted average price of £2.8714. These repurchased shares will be held in treasury, increasing the total number of treasury shares to over 1.26 billion. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and reflects the company’s strategic efforts to manage its capital structure and enhance 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 Neutral.

Glencore’s overall stock score is influenced by mixed financial performance and bearish technical indicators. While the earnings call provided positive insights into strategic initiatives and resilience, the negative P/E ratio and technical analysis suggest caution. The dividend yield offers some value, but profitability challenges remain a concern.

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 involved in the production and marketing of metals, minerals, energy products, and agricultural commodities. It operates in various markets worldwide, focusing on the extraction and trading of resources such as copper, cobalt, zinc, nickel, and coal.

Average Trading Volume: 45,196,006

Technical Sentiment Signal: Sell

Current Market Cap: £34.2B

For a thorough assessment of GLEN stock, go to TipRanks’ Stock Analysis page.