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Glencore ( (GB:GLEN) ) has provided an update.
Glencore has announced a General Meeting scheduled for August 5, 2025, to seek shareholder approval for an alternative share buy-back structure. This initiative aims to preserve Swiss capital contribution reserves and mitigate Swiss withholding tax charges, following the receipt of necessary clearances from the Swiss Federal Tax Administration. The new structure involves a contract with UBS AG to facilitate off-market share purchases for cancellation, continuing the company’s 2025/2026 buy-back program.
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 Outperform.
Glencore’s overall score reflects strong technical momentum and positive strategic outlooks from the earnings call, balanced by financial stability concerns and unattractive valuation metrics. The company’s strategic buy-back program and growth initiatives in metals provide optimism, despite current profitability challenges.
To see Spark’s full report on GB:GLEN stock, click here.
More about Glencore
Glencore is one of the world’s largest diversified natural resource companies, producing and marketing over 60 commodities. It operates globally with a significant presence in more than 30 countries, serving industrial consumers in sectors such as automotive, steel, power generation, battery manufacturing, and oil. The company is committed to supporting decarbonization and is a member of various international initiatives focused on security, human rights, and transparency.
Average Trading Volume: 50,487,304
Technical Sentiment Signal: Sell
Current Market Cap: £36.77B
For an in-depth examination of GLEN stock, go to TipRanks’ Overview page.