Glencore Advances Share Buyback with UBS Transaction

Glencore ( (GB:GLEN) ) has shared an announcement.

Glencore plc has announced the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buyback program. The transaction, conducted in Swiss francs, is part of a strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. This buyback program, which began in July 2025, is expected to conclude by February 2026, aligning with the release of Glencore’s financial results for the year. The company aims to cancel the purchased shares, impacting the total number of voting rights and shares in issue, while maintaining a significant number of shares in treasury.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £322.00 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 and cash flow challenges, offset by a positive earnings call outlook. Technical analysis suggests caution with bearish momentum, and valuation metrics highlight risks with a negative P/E ratio. The company’s focus on cost savings and shareholder returns provides some positive sentiment.

To see Spark’s full report on GB:GLEN stock, click here.

More about Glencore

Glencore plc is a leading company in the mining and commodities sector, known for its production and trading of metals, minerals, energy products, and agricultural goods. The company operates globally, focusing on the extraction, processing, and marketing of natural resources.

Average Trading Volume: 41,932,704

Technical Sentiment Signal: Sell

Current Market Cap: £35.93B

Find detailed analytics on GLEN stock on TipRanks’ Stock Analysis page.