Should I buy or sell Glencore stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLEN shares. View GLEN analyst ratings or view top-rated stocks .

What is Glencore's stock price target for 2024?

3 equities research analysts have issued twelve-month price objectives for Glencore's stock. Their GLEN share price targets range from GBX 550 to GBX 610. On average, they anticipate the company's share price to reach GBX 570 in the next year. This suggests a possible upside of 20.5% 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 2024?

Glencore's stock was trading at GBX 472.10 at the start of the year. Since then, GLEN shares have increased by 0.2% and is now trading at GBX 472.85. View the best growth stocks for 2024 here .

How often does Glencore pay dividends? What is the dividend yield for Glencore?

Glencore announced a dividend on Wednesday, February 21st. Shareholders of record on Thursday, August 29th will be given a dividend of GBX 0.07 per share on Friday, September 20th. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. The official announcement can be accessed at this link . Read our dividend analysis for GLEN .

Is Glencore a good dividend stock?

Glencore (LON:GLEN) pays an annual dividend of GBX 10 per share and currently has a dividend yield of 2.12%. The dividend payout ratio is 3,703.70%. 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) .

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 .

LON:GLEN

Glencore (GLEN) Share Price, News & Analysis

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Free GLEN Stock Alerts

GBX 472.85

+6.25 (+1.34%)

(As of 04/17/2024 ET)

Compare

Today's Range: 464.85
▼
480.64
50-Day Range: 368.95
▼
485.70
52-Week Range: 365.31
▼
502.66

Volume: 24.71 million shs
Average Volume: 29.26 million shs
Market Capitalization: £57.45 billion

P/E Ratio: 1,751.30
Dividend Yield: 2.11%
Price Target: GBX 570

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Sustainability

Get Glencore alerts:

Glencore MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 20.5% Upside
GBX 570 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: -7.59
Upright™ Environmental Score
News Sentiment: -0.28
Based on 3 Articles This Week
Insider Trading: N/A
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.

0.69 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Glencore has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Glencore has received no research coverage in the past 90 days.

N/A

Short Interest

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

0.8

Dividend Strength

Dividend Yield
Glencore pays a meaningful dividend of 2.12%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Glencore does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Glencore is 3,703.70%. 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.

1.5

News and Social Media Coverage

News Sentiment
Glencore has a news sentiment score of -0.28. 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 is a lower news sentiment than the 0.36 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Glencore this week, compared to 4 articles on an average week.
Search Interest
8 people have searched for GLEN on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Glencore to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

1.7

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
10.35% of the stock of Glencore is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
47.74% 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 1,751.30, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 136.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Glencore is 1,751.30, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 134.77.
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 1.32. 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

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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

30 days | 90 days | 365 days | Advanced Chart

GLEN Stock News Headlines

April 17, 2024 | msn.com

Exclusive-Glencore acts to profit from LME post-sanction rule change

April 15, 2024 | thetimes.co.uk

Nickel project failure gets Horizonte Minerals into deep trouble

April 17, 2024 | Paradigm Press (Ad)

Could Bitcoin Literally FORCE This Crypto To Rocket Up?

Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 11, 2024 | americanbankingnews.com

Glencore (LON:GLEN) Stock Passes Above Two Hundred Day Moving Average of $434.71

April 9, 2024 | finance.yahoo.com

Institutional investors have a lot riding on Glencore plc (LON:GLEN) with 41% ownership

April 4, 2024 | finance.yahoo.com

New victory against mining giant Glencore’s anti-union practices

April 4, 2024 | finance.yahoo.com

SANTACRUZ ANNOUNCES AMENDMENTS TO TERMS OF SALE OF GLENCORE'S BOLIVIAN MINING ASSETS

April 3, 2024 | msn.com

If I’d invested £10k in Glencore shares a month ago, here’s what I’d have today

April 17, 2024 | Paradigm Press (Ad)

Could Bitcoin Literally FORCE This Crypto To Rocket Up?

Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 1, 2024 | msn.com

Glencore shares: 1 of the best value plays in the FTSE 100

March 23, 2024 | finance.yahoo.com

Those who invested in Glencore (LON:GLEN) three years ago are up 82%

March 21, 2024 | afr.com

Glencore abandons coal production cap as another climate pledge fails

March 15, 2024 | nasdaq.com

Glencore's Nordenham zinc smelter starts ramping up output

March 14, 2024 | msn.com

Tribeca pushing for change at underperforming Glencore

March 14, 2024 | lse.co.uk

PRESS: Hedge fund urges Glencore to move listing to Sydney - FT

March 13, 2024 | finance.yahoo.com

Tribeca Investment asks Glencore to move main listing to Sydney, FT reports

March 13, 2024 | finance.yahoo.com

UPDATE 1-Activist Tribeca asks Glencore to move main listing to Sydney, FT reports

March 13, 2024 | marketwatch.com

Li-Cycle Holdings Up 36% on Glencore Investment

March 12, 2024 | msn.com

Li-Cycle surges to YTD high after securing $75B investment from Glencore

March 12, 2024 | benzinga.com

Why Is Li-Cycle Stock Jumping Today?

March 6, 2024 | finance.yahoo.com

Should Weakness in Glencore plc's (LON:GLEN) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

February 29, 2024 | msn.com

Glencore eyes Shell’s Singapore refinery and petrochemical units

February 28, 2024 | msn.com

Glencore eyes Shell's Singapore assets as other suitors pull out - Reuters

February 28, 2024 | msn.com

Exclusive-Glencore eyes Shell Singapore assets as CNOOC pulls out, sources say

February 26, 2024 | thetimes.co.uk

Glencore ‘secretly paid $14.5m to middleman in Chad loan deal’

February 21, 2024 | ft.com

Glencore slashes dividend in bid to shrink debt

February 21, 2024 | finance.yahoo.com

Rio Tinto, Glencore endure big falls in earnings

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: LON
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Sub-Industry: N/A
Current Symbol: LON:GLEN
CUSIP: N/A
CIK: N/A
Web: www.glencore.com
Phone: +41-41-7092000
Fax: N/A
Employees: 83,426
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: GBX 570
High Stock Price Target: GBX 610
Low Stock Price Target: GBX 550
Potential Upside/Downside: +20.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 0.27
Trailing P/E Ratio: 1,751.30
Forward P/E Ratio: 12.46
P/E Growth: 0.43
Net Income: £4.28 billion
Net Margins: 1.97%
Pretax Margin: N/A
Return on Equity: 7.69%
Return on Assets: 4.13%

Debt

Debt-to-Equity Ratio: 85.91
Current Ratio: 1.29
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: £217.83 billion
Price / Sales: 0.26
Cash Flow: GBX 19.25 per share
Price / Cash Flow: 24.56
Book Value: GBX 358 per share
Price / Book: 1.32

Miscellaneous

Outstanding Shares: 12,150,000,000
Free Float: N/A
Market Cap: £57.45 billion
Optionable: Not Optionable
Beta: 1.32

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Key Executives

Mr. Gary Nagle (Age 49)
CEO & Director
Comp: $4.62M
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

Key Competitors

View All Competitors

Insiders

Liz Hewitt
Bought 11,000 shares on 11/24/2023
Total: £4.91 M ($446.00/share)

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 plc has shown a consistent increase in revenue and profitability over the past year, indicating strong financial performance.
The company has a diversified portfolio across multiple commodities, reducing risk exposure to fluctuations in any single market.
Recent market trends suggest a positive outlook for the commodities Glencore plc specializes in, such as copper and coal, which could lead to increased demand and higher prices.
Glencore plc's stock price has been relatively stable and has shown resilience during market downturns, offering a potential safe haven for investors.
The company has a strong track record of strategic acquisitions and partnerships, positioning itself for future growth and expansion in key markets.

Cons

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

Commodity price volatility can significantly impact Glencore plc's financial performance, leading to potential losses for investors during market downturns.
Environmental and regulatory challenges in the mining industry could pose risks to Glencore plc's operations and profitability, affecting investor confidence.
Geopolitical uncertainties and trade tensions may disrupt global commodity markets, impacting Glencore plc's supply chain and revenue streams.
Debt levels of Glencore plc are relatively high, which could increase financial risk and limit the company's flexibility in pursuing growth opportunities.
Market competition and technological advancements in the mining sector could pose challenges for Glencore plc in maintaining its competitive edge and market share.

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 Saturday, April 6, 2024. Please send any questions or comments about these Glencore pros and cons to contact@marketbeat.com.

GLEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Glencore stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLEN shares.
View GLEN analyst ratings or view top-rated stocks.
What is Glencore's stock price target for 2024?: 3 equities research analysts have issued twelve-month price objectives for Glencore's stock. Their GLEN share price targets range from GBX 550 to GBX 610. On average, they anticipate the company's share price to reach GBX 570 in the next year. This suggests a possible upside of 20.5% 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 2024?: Glencore's stock was trading at GBX 472.10 at the start of the year. Since then, GLEN shares have increased by 0.2% and is now trading at GBX 472.85.
View the best growth stocks for 2024 here.
How often does Glencore pay dividends? What is the dividend yield for Glencore?: Glencore announced a dividend on Wednesday, February 21st. Shareholders of record on Thursday, August 29th will be given a dividend of GBX 0.07 per share on Friday, September 20th. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. The official announcement can be accessed at this link.
Read our dividend analysis for GLEN.

Is Glencore a good dividend stock?: Glencore (LON:GLEN) pays an annual dividend of GBX 10 per share and currently has a dividend yield of 2.12%. The dividend payout ratio is 3,703.70%. 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).
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.

This page (LON:GLEN) was last updated on 4/17/2024 by MarketBeat.com Staff

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Glencore (GLEN) Share Price, News & Analysis

Glencore MarketRank™ Stock Analysis

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 Stock (LON:GLEN)

GLEN Stock Price History

GLEN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Glencore Stock? GLEN Pros and Cons Explained

Pros

Cons

GLEN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™