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Glencore (GLEN) Stock Forecast & Price Target

Glencore logo
GBX 586.20 +1.60 (+0.27%)
As of 06:24 AM Eastern
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Glencore - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings
Sell
0
Hold
1
Buy
5

Based on 6 Wall Street analysts who have issued ratings for Glencore in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for GLEN.

Consensus Price Target

GBX 660
According to the 6 analysts' twelve-month price targets for Glencore, the average price target is GBX 660. The highest price target for GLEN is GBX 780, while the lowest price target for GLEN is GBX 510. The average price target represents a forecasted upside of 12.59% from the current price of GBX 586.20.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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GLEN Analyst Ratings Over Time

TypeCurrent Forecast
10/12/25 to 10/12/26		1 Month Ago
9/12/25 to 9/12/26		3 Months Ago
7/14/25 to 7/14/26		1 Year Ago
10/12/24 to 10/12/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 660GBX 660GBX 1,780GBX 388.33
Consensus RatingModerate BuyModerate BuyModerate BuyModerate Buy

GLEN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

GLEN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Glencore Stock vs. The Competition

TypeGlencoreMaterials Companies
Consensus Rating Score
2.83
2.57
Consensus RatingModerate BuyModerate Buy
News Sentiment Rating
Neutral News

See Recent GLEN News
Neutral News
Report Date
0 Results
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
10/5/2026
Deutsche Bank Aktiengesellschaft logo
Deutsche Bank Aktiengesellschaft
3 of 5 stars
 Reiterated RatingBuyGBX 630+11.94%
8/12/2026
Citigroup Inc. logo
Citigroup
4 of 5 stars
 Boost TargetBuyGBX 770 ➝ GBX 780+35.28%
8/7/2026
Berenberg Bank logo
Berenberg Bank
2 of 5 stars
 Lower TargetBuyGBX 750 ➝ GBX 740+32.05%
7/30/2026
JPMorgan Chase & Co. logo
JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Lower TargetNeutralGBX 520 ➝ GBX 510-3.65%
7/27/2026
Royal Bank Of Canada logo
Royal Bank Of Canada
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingOutperformGBX 600+14.20%
7/6/2026
Jefferies Financial Group Inc. logo
Jefferies Financial Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Reiterated RatingBuyGBX 700+37.04%
2/18/2025
Morgan Stanley logo
Morgan Stanley
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 UpgradeOverweightGBX 470+40.21%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:36 AM ET.


Should I Buy Glencore Stock? GLEN Pros and Cons Explained

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 Monday, October 5, 2026. Please send any questions or comments about these Glencore pros and cons to contact@marketbeat.com.

Glencore
Bull Case

green Wall Street bull icon

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

  • Glencore plc recently raised its 2026 marketing earnings outlook to exceed $5 billion, signaling strong performance in its commodity trading division and providing a clear path to higher profits for shareholders.
  • The company has secured approval to extend its Hunter Valley coal mine operations in Australia until 2045, ensuring long-term revenue stability and asset utilization in a key global market.
  • Glencore plc is set to list on the Australian Securities Exchange in October 2026, which is expected to broaden its investor base, improve liquidity, and increase exposure to Australian mining investors.
  • With a current stock price of $569.30, the shares are trading below the consensus price target of GBX 660, suggesting potential upside as analysts maintain a Moderate Buy rating based on recent positive developments.
  • The company has strengthened its position in critical minerals by joining a U.S.-backed strategic-minerals reserve fund and committing up to $500 million in cobalt, aligning with U.S. supply-chain security efforts and creating long-term trading opportunities.

Glencore
Bear Case

red Wall Street bear icon

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

  • Glencore plc faces operational risks in Colombia, where its coal mine has suffered its sixth rail attack in 2026, threatening shipments, raising security costs, and potentially disrupting production volumes.
  • The company is involved in a $2 billion lawsuit from Sapphire Minmetals, which aims to expedite the case, posing a significant financial and legal uncertainty that could impact future earnings.
  • Glencore plc has a high debt-to-equity ratio of 108.47, indicating substantial leverage that could pressure cash flows and limit financial flexibility in a volatile commodity market.
  • The company reported that HMRC was 18 months late with a £264 million tax bill, highlighting potential complexities and delays in tax obligations that could affect cash management and regulatory relations.
  • Despite recent positive news, the stock has experienced volatility, with a 52-week low of $332.20 and a high of $633.90, reflecting the inherent risks and price sensitivity of the commodities sector.

GLEN Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Glencore is GBX 660, with a high forecast of GBX 780 and a low forecast of GBX 510.

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last year. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLEN shares.

According to analysts, Glencore's stock has a predicted upside of 12.59% based on their 12-month stock forecasts.

Glencore has been rated by research analysts at Berenberg Bank, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., and Royal Bank Of Canada in the past 90 days.

Analysts like Glencore more than other "materials" companies. The consensus rating score for Glencore is 2.83 while the average consensus rating score for "materials" companies is 2.57. Learn more on how GLEN compares to other companies.

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MarketBeat monitors more than a dozen sources for Glencore analyst ratings, with the most recent rating issued on 10/5/2026.
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