Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Glencore ( (GB:GLEN) ) has issued an update.
Glencore plc has repurchased 8.4 million of its own ordinary shares off-market from UBS AG on 8 January 2026 as part of its ongoing share buyback programme that began in July 2025. The shares, bought in Swiss francs with Swiss withholding tax deducted from the gross price, are being acquired for cancellation, reducing the number of shares in issue to 11.74 billion, while treasury shares remain unchanged at about 1.27 billion. The transaction, conducted under a pre-approved off-market buyback authority and a shareholder-approved buyback contract with UBS, underlines Glencore’s continued capital-return strategy ahead of its full-year 2025 results expected in February 2026, and may enhance earnings per share and support the stock by shrinking the free float. UBS’s related on-market trades, executed under EU market abuse rules, may not match exactly the number of shares Glencore ultimately buys for cancellation due to UBS’s mandate to manage its equity exposure under the contract.
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 natural resources company engaged in the production, refinement, processing and trading of metals, minerals, energy products and agricultural commodities, supplying industrial consumers worldwide and playing a significant role in global commodity markets.
Average Trading Volume: 37,894,075
Technical Sentiment Signal: Buy
Current Market Cap: £50.13B
Learn more about GLEN stock on TipRanks’ Stock Analysis page.