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Glencore Cancels 6.4 Million Shares in Ongoing Buyback from UBS

Story Highlights
  • Glencore bought 6.4 million shares off‑market from UBS for cancellation under its buyback.
  • The transaction reduces shares in issue to about 11.74 billion, supporting capital returns to investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Glencore Cancels 6.4 Million Shares in Ongoing Buyback from UBS

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The latest update is out from Glencore ( (GB:GLEN) ).

Glencore has continued executing its share buyback strategy with an off‑market purchase of 6.4 million ordinary shares from UBS AG on 19 December 2025, paying a gross price of CHF 4.0829 per share, with Swiss withholding tax applied and remitted to the authorities. The shares are being acquired for cancellation under the company’s ongoing buyback programme, which started in July 2025 and is scheduled to conclude around the release of its 2025 results in February 2026, and will reduce the number of shares in issue to about 11.74 billion while leaving treasury holdings unchanged, supporting capital returns and potentially enhancing earnings per share for remaining investors.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £480.00 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 driven by a positive earnings call outlook and strong technical momentum. However, financial performance challenges, particularly in profitability and cash flow, and a negative P/E ratio weigh on the score. The company’s strategic initiatives and shareholder returns provide some support.

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

More about Glencore

Glencore plc is a global diversified natural resources group operating across metals and minerals, energy and agricultural commodities. The company is a major producer, marketer and trader of raw materials, with activities spanning mining, processing, logistics and commodity trading, and its shares are listed in London and other major financial centres, giving it broad exposure to international capital markets.

Average Trading Volume: 44,444,709

Technical Sentiment Signal: Buy

Current Market Cap: £45.66B

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

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