LON:GLEN

Glencore (GLEN) Share Forecast, Price & News

GBX 433.90

+17.00 (+4.08%)

(As of 06/2/2023 ET)

Compare

Today's Range: 421.62
▼
436.70
50-Day Range: 411.45
▼
501.90
52-Week Range: 395.40
▼
584.50

Volume: 26.68 million shs
Average Volume: 40.94 million shs
Market Capitalization: £54.19 billion

P/E Ratio: 405.51
Dividend Yield: 8.30%
Price Target: GBX 618.18

Profile Analyst Ratings Chart Competitors Dividend Insider Trades Headlines Sustainability

Glencore MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 42.5% Upside
GBX 618.18 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: -7.59
Upright™ Environmental Score
News Sentiment: 0.50
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Glencore has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of GBX 618.18, Glencore has a forecasted upside of 42.5% from its current price of GBX 433.90.
Amount of Analyst Coverage
Glencore has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for GLEN.

1.7

Dividend Strength

Dividend Leadership
Glencore is a leading dividend payer. It pays a dividend yield of 8.68%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Glencore does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Glencore is 3,364.49%. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Glencore has received a -198.99% net impact score from Upright. The largest negative impact of Glencore in category "GHG emissions" seems to be driven mostly by its "Oil trade", "Crude coal", "Vanadium", "Lead", "Natural gas trade", and "Cobalt" products. See details.
Environmental Sustainability
The Environmental Impact score for Glencore is -7.59.

2.5

News and Social Media Coverage

News Sentiment
Glencore has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Glencore this week, compared to 4 articles on an average week.
Search Interest
Only 16 people have searched for GLEN on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.
MarketBeat Follows
17 people have added Glencore to their MarketBeat watchlist in the last 30 days. This is an increase of 113% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Glencore insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.97% of the stock of Glencore is held by insiders.
Percentage Held by Institutions
42.25% of the stock of Glencore is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Glencore is 405.51, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 128.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Glencore is 405.51, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 90.28.
Price to Earnings Growth Ratio
Glencore has a PEG Ratio of 0.43. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Glencore has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Glencore (LON:GLEN) Stock

Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore. It also engages in the oil exploration/production, distribution, storage, and bunkering activities; and offers coal, crude oil and oil products, refined products, and natural gas. In addition, the company markets and distributes physical commodities sourced from third party producers and its production to industrial consumers in the battery, electronic, construction, automotive, steel, energy, and oil industries. Further, it provides financing, logistics, and other services to producers and consumers of commodities. The company was formerly known as Glencore Xstrata plc and changed its name to Glencore plc in May 2014. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

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GLEN Stock News Headlines

June 1, 2023 | finance.yahoo.com

Teck Struggles to Secure Top Shareholder’s Support on Coal Split

June 1, 2023 | msn.com

If I invest £10,000 in Glencore shares, how much passive income will I receive?

June 2, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.

May 31, 2023 | msn.com

Glencore a big winner of Germany's Colombian coal binge

May 31, 2023 | finance.yahoo.com

UPDATE 1-Environmental platform urges more than 1,600 high-emitting firms to disclose data

May 31, 2023 | finance.yahoo.com

UPDATE 2-British consortium to invest $9 bln in Indonesia mining, EV batteries, minister says

May 30, 2023 | finance.yahoo.com

Environmental platform urges more than 1,600 high-emitting firms to disclose data

May 26, 2023 | thetimes.co.uk

Clarity sought over Glencore emissions

June 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

May 26, 2023 | lse.co.uk

Glencore shareholders reject requisitioned climate action plan

May 26, 2023 | oilprice.com

Glencore Shareholders Get Mad After Getting Paid

May 26, 2023 | msn.com

Glencore's shareholder opposition to climate report grows

May 26, 2023 | finance.yahoo.com

Glencore shareholders push back against climate strategy

May 25, 2023 | benzinga.com

Bunge shares are trading higher following a report suggesting Glencore's Viterra is said to be in merger talks with the company.

May 25, 2023 | finance.yahoo.com

Nippon Steel still in talks with Teck as it seeks stake in coal asset

May 25, 2023 | finance.yahoo.com

Glencore’s Viterra in Merger Talks With US Grain Rival Bunge

May 25, 2023 | americanbankingnews.com

Glencore plc (LON:GLEN) Receives Average Rating of "Buy" from Analysts

May 18, 2023 | wsj.com

Glencore’s Bid for Teck Resources Complicated by Sustainability Concerns — ESG Insight

May 16, 2023 | thetimes.co.uk

Glencore boss bullish on Teck approval

May 16, 2023 | theglobeandmail.com

Glencore signals interest in buying Teck’s coal business even as it pursues the whole Canadian mining company

May 15, 2023 | marketwatch.com

Li-Cycle Reports First Quarter 2023 Operational and Financial Results; Announces Plans for a Significant European Recycling Hub with Glencore

May 15, 2023 | msn.com

ISS advises Glencore shareholders to vote against climate progress report

May 13, 2023 | finance.yahoo.com

Institutions own 37% of Glencore plc (LON:GLEN) shares but individual investors control 45% of the company

May 11, 2023 | wsj.com

Glencore and Li-Cycle Plan to Build Battery Recycling Hub in Italy

May 9, 2023 | finance.yahoo.com

Li-Cycle and Glencore unveil plans for recycling hub in Italy

May 1, 2023 | finance.yahoo.com

Trudeau Says Deal for Teck Would Face Tough Review

April 30, 2023 | americanbankingnews.com

Glencore plc (LON:GLEN) Given Average Recommendation of "Buy" by Analysts

See More Headlines

GLEN Price History

30 days | 90 days | 365 days | Advanced Chart

Industry, Sector and Symbol

Stock Exchange: LON
Industry: Industrial Metals & Minerals
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: LON:GLEN
CUSIP: N/A
CIK: N/A
Web: www.glencore.com
Phone: +41-41-7092000
Fax: N/A
Employees: 81,284
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: GBX 618.18
High Stock Price Forecast: GBX 740
Low Stock Price Forecast: GBX 540
Forecasted Upside/Downside: +42.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 1.07
Trailing P/E Ratio: 405.51
Forward P/E Ratio: 5.28
P/E Growth: 0.43
Net Income: £17.32 billion
Net Margins: 6.77%
Pretax Margin: N/A
Return on Equity: 40.20%
Return on Assets: 11.44%

Debt

Debt-to-Equity Ratio: 64.96
Current Ratio: 1.30
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: £255.98 billion
Price / Sales: 0.21
Cash Flow: GBX 17.67 per share
Price / Cash Flow: 24.56
Book Value: GBX 387 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 12,490,000,000
Free Float: N/A
Market Cap: £54.19 billion
Optionable: Not Optionable
Beta: 1.26

Key Executives

Mr. Gary Nagle (Age 47)
CEO & Director
Comp: $4.11M

Mr. Steven Kalmin (Age 51)
Chief Financial Officer

Mr. Martin Fewings
Head of Investor Relations & Communications

Shaun Teichner
Gen. Counsel

Mr. Giles Jones (Age 54)
Chief Risk Officer

Mr. Dawid Myburgh
Chief Geologist

Dr. Michael Fahrbach
Head of Sustainability

Mr. Shaun Blankfield CA(SA) (Age 40)
Head of Bus. Devel.

Mr. Peter Carl Freyberg (Age 63)
Head of Industrial Assets

Japie Fullard
Head of Ferroalloys Assets

Key Competitors

View All Competitors

GLEN Stock - Frequently Asked Questions

Should I buy or sell Glencore stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GLEN shares.
View GLEN analyst ratings or view top-rated stocks.
What is Glencore's stock price forecast for 2023?: 9 analysts have issued 12 month price targets for Glencore's shares. Their GLEN share price forecasts range from GBX 540 to GBX 740. On average, they predict the company's stock price to reach GBX 618.18 in the next twelve months. This suggests a possible upside of 42.5% from the stock's current price.
View analysts price targets for GLEN or view top-rated stocks among Wall Street analysts.
How have GLEN shares performed in 2023?: Glencore's stock was trading at GBX 552.40 on January 1st, 2023. Since then, GLEN shares have decreased by 21.5% and is now trading at GBX 433.90.
View the best growth stocks for 2023 here.
How often does Glencore pay dividends? What is the dividend yield for Glencore?: Glencore declared a dividend on Wednesday, February 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of GBX 0.22 per share on Friday, September 22nd. This represents a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from the stock's previous dividend of GBX 0.13. The official announcement can be viewed at this link.
Read our dividend analysis for GLEN.
Is Glencore a good dividend stock?: Glencore (LON:GLEN) pays an annual dividend of GBX 36 per share and currently has a dividend yield of 8.68%. GLEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 3,364.49%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for GLEN.
What other stocks do shareholders of Glencore own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Glencore investors own include Barclays (BARC), Lloyds Banking Group (LLOY), Glencore (GLNCY), Centamin (CEY), Anglo American (AAL), Rio Tinto Group (RIO), HSBC (HSBA), Royal Dutch Shell (RDSB), Playtech (PTEC) and Tesco (TSCO).

What is Glencore's stock symbol?: Glencore trades on the London Stock Exchange (LON) under the ticker symbol "GLEN."
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 is Glencore's stock price today?: One share of GLEN stock can currently be purchased for approximately GBX 433.90.
How much money does Glencore make?: Glencore (LON:GLEN) has a market capitalization of £54.19 billion and generates £255.98 billion in revenue each year. The natural resources company earns £17.32 billion in net income (profit) each year or GBX 1.07 on an earnings per share basis.
How many employees does Glencore have?: The company employs 81,284 workers across the globe.
How can I contact Glencore?: Glencore's mailing address is Baarermattstrasse 3, BAAR, ZUG 6340, Switzerland. The official website for the company is www.glencore.com. The natural resources company can be reached via phone at +41-41-7092000.

This page (LON:GLEN) was last updated on 6/2/2023 by MarketBeat.com Staff

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Glencore (GLEN) Share Forecast, Price & News

Glencore MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Glencore (LON:GLEN) Stock

GLEN Stock News Headlines

GLEN Price History

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

GLEN Stock - Frequently Asked Questions

Overall MarketRank^™