Glencore (GLNCY) Stock Forecast & Price Target

Q: What analysts cover Glencore?

Glencore has been rated by research analysts at Barclays , Citigroup , Deutsche Bank Aktiengesellschaft , Freedom Broker , Freedom Capital , Morgan Stanley , Royal Bank Of Canada , The Goldman Sachs Group , and Zacks Research in the past 90 days.

$16.25 0.00 (0.00%)

As of 09/4/2026 03:58 PM Eastern

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Glencore - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
1

Hold
4

Buy
8

Based on 13 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 13 analysts, 1 has given a sell rating, 4 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for GLNCY.

Consensus Price Target

$9.30
-42.77% Downside

According to the 13 analysts' twelve-month price targets for Glencore, the average price target is $9.30. The highest price target for GLNCY is $9.30, while the lowest price target for GLNCY is $9.30. The average price target represents a forecasted downside of -42.77% from the current price of $16.25.

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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GLNCY Analyst Ratings Over Time

Type	Current Forecast 9/7/25 to 9/7/26	1 Month Ago 8/8/25 to 8/8/26	3 Months Ago 6/9/25 to 6/9/26	1 Year Ago 9/7/24 to 9/7/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	4 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	1 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$9.30	$9.30	$9.30	N/A
Forecasted Upside	-42.77% Downside	-37.88% Downside	-38.98% Downside	N/A
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Strong Buy

GLNCY 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.

GLNCY 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.

Glencore Stock vs. The Competition

Type	Glencore	Materials Companies	Broader Market
Consensus Rating Score	2.62	2.56	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-42.77% Downside	130.08% Upside	14.03% Upside
News Sentiment Rating	Negative News See Recent GLNCY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating
9/3/2026	Freedom Broker Not Rated		Downgrade	Strong-Buy ➝ Strong Sell
8/24/2026	Morgan Stanley 3 of 5 stars		Reiterated Rating	Overweight
8/12/2026	Citigroup 4 of 5 stars		Reiterated Rating	Buy
8/7/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
7/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
7/9/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
7/7/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
7/2/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
6/16/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
4/14/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
Get the Latest News and Ratings for GLNCY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Glencore and its competitors with MarketBeat's FREE daily newsletter.
2/9/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
12/17/2025	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
10/22/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
12/16/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alexander Pearce Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:07 PM ET.

Should I Buy Glencore Stock? GLNCY 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 Sunday, September 6, 2026. Please send any questions or comments about these Glencore pros and cons to contact@marketbeat.com.

Glencore
Bull Case

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

Glencore plc reported an 86% increase in first-half earnings, with underlying profit rising to $10.11 billion, driven by strong commodity trading profits and higher prices, which significantly boosts the company's bottom line and shareholder returns.
The company announced an additional $1.5 billion in shareholder returns, including a dividend yield of 1.67%, providing a tangible cash flow benefit to investors while the stock trades at a current price of $16.25.
Citi named Glencore its top large-cap pick in the sector, raising its price target to 780p and highlighting a compelling growth narrative centered on a copper strategy that targets doubling production over the next decade.
Glencore is targeting a secondary listing in Australia in October, a move intended to broaden its shareholder base, improve trading liquidity, and enhance corporate financial flexibility for future capital raising.
The stock has demonstrated strong momentum, crossing above its 200-day moving average in August and reaching a 52-week high of $16.62, indicating positive technical trends and investor confidence in the recent earnings performance.

Glencore
Bear Case

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

Glencore has set aside a $480 million provision for its exposure to Radiant World, a counterparty with which it has stopped doing new business, representing a significant financial risk and potential loss that impacts near-term profitability.
Freedom Broker recently downgraded Glencore from "strong-buy" to "strong sell," reflecting a sharp negative shift in analyst sentiment that may signal underlying concerns about the company's risk profile or valuation.
The consensus price target from analysts is $9.30, which is significantly below the current stock price of $16.25, suggesting that the stock may be overvalued relative to the broader market's expected fair value.
Glencore's energy trading profits, which surged 66 times in the first half of 2026, were heavily influenced by market turmoil from the Iran war, creating a risk that these exceptional gains are not sustainable and may reverse as geopolitical tensions stabilize.
Short interest in the stock increased by 66.4% in mid-July to 714,376 shares, indicating that a notable portion of the market is betting against the stock's future performance, which can create downward pressure on the share price.

GLNCY Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Glencore is $9.30, with a high forecast of $9.30 and a low forecast of $9.30.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last twelve months. There is currently 1 sell rating, 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLNCY shares.

According to analysts, Glencore's stock has a predicted downside of -42.77% based on their 12-month stock forecasts.

Over the previous 90 days, Glencore's stock had 4 downgrades and 2 upgrades by analysts.

Glencore has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Freedom Broker, Freedom Capital, Morgan Stanley, Royal Bank Of Canada, The Goldman Sachs Group, and Zacks Research in the past 90 days.

Analysts like Glencore more than other "materials" companies. The consensus rating score for Glencore is 2.62 while the average consensus rating score for "materials" companies is 2.56. Learn more on how GLNCY compares to other companies.

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Brokerages With Glencore Recommendations

MarketBeat monitors more than a dozen sources for Glencore analyst ratings, with the most recent rating issued on 9/3/2026.

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Glencore (GLNCY) Stock Forecast & Price Target