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Glencore ( (GB:GLEN) ) has issued an announcement.
Glencore plc announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were acquired at prices ranging from £3.0955 to £3.1715, with an average price of £3.1303 per share. This transaction is part of the second phase of Glencore’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, and the company now holds over 1.3 billion shares in treasury, with nearly 11.9 billion shares remaining in circulation. This strategic move is likely to impact Glencore’s market positioning by potentially enhancing shareholder value and adjusting the company’s capital structure.
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 primarily driven by its strong operational performance and strategic initiatives, such as the share buyback program and acquisitions. However, financial challenges, particularly in profitability and valuation, temper the overall outlook. The technical analysis supports a cautiously optimistic view, with the stock showing positive momentum.
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 products. The company operates on a global scale, focusing on the extraction and trading of resources critical to industrial and economic activities worldwide.
Average Trading Volume: 49,431,362
Technical Sentiment Signal: Sell
Current Market Cap: £36.06B
For an in-depth examination of GLEN stock, go to TipRanks’ Overview page.