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Glencore ( (GB:GLEN) ) has issued an announcement.
Glencore plc announced the purchase of 7.2 million of its ordinary shares from UBS AG as part of its ongoing buy-back program. The shares were bought for cancellation, reducing the total number of shares in issue to approximately 11.8 billion. This transaction is part of a broader strategy to manage the company’s capital structure and is expected to be completed by February 2026.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £350.00 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 stock score is driven by a positive earnings call outlook and strong technical indicators, despite mixed financial performance and valuation concerns. The company’s focus on cost savings and shareholder returns supports a moderately positive view, but profitability and cash flow challenges remain significant risks.
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 industry, primarily engaged in the production and trading of metals and minerals, energy products, and agricultural products. The company operates globally, focusing on the extraction and marketing of natural resources to meet the demands of various markets.
Average Trading Volume: 45,406,293
Technical Sentiment Signal: Buy
Current Market Cap: £42.91B
See more insights into GLEN stock on TipRanks’ Stock Analysis page.