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Glencore ( (GB:GLEN) ) has shared an announcement.
Glencore plc announced the purchase of 8,022,682 of its own ordinary shares from UBS AG, as part of its ongoing share buy-back program. The shares were purchased for cancellation, reducing the total number of shares in issue to 11,880,268,277. This transaction is part of a broader strategy to manage the company’s capital structure and is expected to be completed by February 2026, coinciding with the release of its financial results for the 2025 fiscal year.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £304.00 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 financial performance with profitability challenges and declining free cash flow. The earnings call provided a positive outlook with strong performance in certain segments and cost-saving initiatives. However, technical analysis and valuation present concerns, with bearish momentum and a negative P/E ratio. The company’s ability to navigate these challenges while leveraging its strengths will be crucial.
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 operates in the natural resources industry, focusing on the production and marketing of metals, minerals, energy products, and agricultural goods. The company has a significant presence in the global market, dealing with both the extraction and trading of commodities.
Average Trading Volume: 42,547,104
Technical Sentiment Signal: Sell
Current Market Cap: £34.65B
For a thorough assessment of GLEN stock, go to TipRanks’ Stock Analysis page.