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The latest announcement is out from Glencore ( (GB:GLEN) ).
Glencore plc has announced a transaction involving the purchase of 8 million of its own shares from UBS AG, as part of its ongoing share buy-back programme. The shares were bought at a net price of CHF 2.2867 per share, with the purchase price paid in Swiss francs. This transaction is part of Glencore’s strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. The buy-back programme, which began in July 2025, is expected to conclude with the release of the company’s financial results in February 2026.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.00 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 reflects a mixed financial performance with profitability and cash flow challenges, offset by a positive earnings call outlook. Technical analysis suggests caution with bearish momentum, and valuation metrics highlight risks with a negative P/E ratio. The company’s focus on cost savings and shareholder returns provides some positive sentiment.
To see Spark’s full report on GB:GLEN stock, click here.
More about Glencore
Glencore plc is a leading multinational commodity trading and mining company. It operates in the natural resources industry, focusing on the production and marketing of metals, minerals, energy products, and agricultural commodities. The company is known for its extensive global network and significant influence in the commodities market.
Average Trading Volume: 43,718,201
Technical Sentiment Signal: Hold
Current Market Cap: £39.69B
Find detailed analytics on GLEN stock on TipRanks’ Stock Analysis page.