tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Glencore Commences Off-Market Share Buy-Backs in Strategic Move

Story Highlights
  • Glencore is authorized to conduct off-market share buy-backs through a contract with UBS AG.
  • The buy-back program aims to repurchase shares worth up to USD 1 billion, impacting Glencore’s market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Glencore Commences Off-Market Share Buy-Backs in Strategic Move

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Glencore ( (GB:GLEN) ) has provided an update.

Glencore has announced the approval of a special resolution at its General Meeting, authorizing the company to undertake off-market share buy-backs through a contract with UBS AG. This initiative is part of a broader program to repurchase shares worth up to USD 1 billion, with UBS set to commence weekly off-market purchases from 11 August 2025. The move is expected to impact Glencore’s financial structure and market positioning, as the company continues to manage its share capital actively.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 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 score is driven by solid strategic initiatives and operational performance, as highlighted in the earnings call and corporate events. However, financial challenges, including negative profitability and valuation concerns, weigh on the score. Technical indicators suggest caution, with mixed signals on market momentum.

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

More about Glencore

Glencore is a leading global diversified natural resource company, involved in the production, processing, recycling, sourcing, marketing, and distribution of over 60 commodities. With a significant presence in over 30 countries, Glencore serves industrial consumers in sectors such as automotive, steel, power generation, battery manufacturing, and oil, while also providing financing and logistics services.

Average Trading Volume: 45,676,083

Technical Sentiment Signal: Sell

Current Market Cap: £35.66B

For an in-depth examination of GLEN stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1