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LON:GLEN

Glencore (GLEN) Share Price, News & Analysis

GBX 433.60
+1.30 (+0.30%)
(As of 07/26/2024 ET)
Today's Range
432.60
438.42
50-Day Range
432.30
501.50
52-Week Range
365.31
506.72
Volume
10.39 million shs
Average Volume
31.47 million shs
Market Capitalization
£52.68 billion
P/E Ratio
1,605.93
Dividend Yield
2.31%
Price Target
GBX 531.25

Glencore MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
22.5% Upside
GBX 531.25 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.59
Upright™ Environmental Score
News Sentiment
0.35mentions of Glencore in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
£4.86 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.32 out of 5 stars

GLEN stock logo

About Glencore Stock (LON:GLEN)

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution. It also operates marketing and distribution of physical commodities sourced from third party producers and company's production to industrial consumers, including the battery, electronic, construction, automotive, steel, energy, and oil industries. In addition, the company provides financing, logistics, and other services to producers and consumers of commodities. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

GLEN Stock Price History

GLEN Stock News Headlines

Nvidia insiders dumping shares
All the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.
PRESS DIGEST- Financial Times - May 16
Nvidia insiders dumping shares
All the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.
Glencore: An Update On The All-In Inflation Play
Glencore PLC's Dividend Analysis
See More Headlines
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Company Calendar

Today
7/26/2024
Ex-Dividend for 9/20 Dividend
8/29/2024
Dividend Payable
9/20/2024

Industry, Sector and Symbol

Industry
Other Industrial Metals & Mining
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
83,426
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 531.25
High Stock Price Target
GBX 560
Low Stock Price Target
GBX 500
Potential Upside/Downside
+22.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
£4.28 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£217.83 billion
Cash Flow
GBX 17.66 per share
Book Value
GBX 358 per share

Miscellaneous

Outstanding Shares
12,150,000,000
Free Float
N/A
Market Cap
£52.68 billion
Optionable
Not Optionable
Beta
1.29
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Key Executives

  • Mr. Gary Nagle (Age 49)
    CEO & Director
    Comp: $4.58M
  • Mr. Steven Kalmin (Age 53)
    Chief Financial Officer
    Comp: $242k
  • Mr. Martin Fewings
    Head of Investor Relations & Communications
  • Shaun Teichner
    General Counsel
  • Mr. Derrick Crowley
    Head of Human Resources
  • Mr. Dawid Myburgh
    Chief Geologist
  • Japie Fullard
    Head of Ferroalloys Assets
  • Jason Kluk
    Head of Ferroalloys & Nickel Marketing
  • Ruan Van Schalkwyk
    Head of Coal Marketing
  • Alex Sanna
    Head of Oil Marketing

Should I Buy Glencore Stock? GLEN Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Glencore plc:

  • Glencore's stock price recently crossed above its 200-day moving average, indicating a potential uptrend in the stock's performance.
  • The company has a diverse global presence in the production, refinement, processing, storage, transport, and marketing of metals, minerals, and energy products, providing exposure to various markets.
  • Analysts have set price targets above the current stock price, suggesting potential for capital appreciation.
  • Insider activity, such as insider buying by Martin J. Gilbert, can signal confidence in the company's future prospects.
  • Glencore's financial metrics, including a low P/E ratio and a favorable P/E/G ratio, indicate potential value for investors relative to the company's growth prospects.

Cons

Investors should be bearish about investing in Glencore plc for these reasons:

  • The company has a high debt-to-equity ratio of 85.91, which may indicate increased financial risk and potential limitations on future growth.
  • Glencore's stock performance has shown a 2.0% decline recently, which could be a cause for concern regarding short-term volatility.
  • The quick ratio of 0.32 may suggest potential liquidity challenges for the company in meeting its short-term obligations.
  • Market volatility and the company's beta of 1.29 indicate sensitivity to market fluctuations, which could lead to increased investment risk.
  • While the company operates in various regions globally, geopolitical and regulatory risks in these areas could impact Glencore's operations and financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these Glencore pros and cons to contact@marketbeat.com.

GLEN Stock Analysis - Frequently Asked Questions

How have GLEN shares performed this year?

Glencore's stock was trading at GBX 472.10 at the beginning of 2024. Since then, GLEN shares have decreased by 8.2% and is now trading at GBX 433.60.
View the best growth stocks for 2024 here
.

How do I buy shares of Glencore?

Shares of GLEN stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Glencore own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Glencore investors own include Barclays (BARC), Lloyds Banking Group (LLOY), Glencore (GLNCY), Centamin (CEY), Anglo American (AAL), Rio Tinto Group (RIO) and HSBC (HSBA).

This page (LON:GLEN) was last updated on 7/26/2024 by MarketBeat.com Staff

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