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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 bought at prices ranging from £2.9745 to £3.0450, with a volume-weighted average price of £3.0053. These shares will be held in treasury, contributing to the company’s strategic financial management and potentially impacting shareholder value by reducing the number of shares in circulation. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, reflecting the company’s commitment to returning value to shareholders.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £4.70 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 driven by strong earnings performance and strategic growth initiatives, despite financial challenges and valuation concerns. The technical analysis also supports a positive outlook, with momentum indicators suggesting potential for further gains.
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 and minerals, energy products, and agricultural products. The company operates globally, focusing on the extraction and trading of resources, with a significant presence in both developed and emerging markets.
Average Trading Volume: 45,933,241
Technical Sentiment Signal: Sell
Current Market Cap: £36.32B
Find detailed analytics on GLEN stock on TipRanks’ Stock Analysis page.