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 , Morgan Stanley , Royal Bank Of Canada , The Goldman Sachs Group , UBS Group , and Zacks Research in the past 90 days.

$14.86 +0.32 (+2.20%)

As of 09/25/2026 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
3

Buy
9

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, 3 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for GLNCY.

Consensus Price Target

$9.30
-37.42% 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 -37.42% from the current price of $14.86.

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 9/27/25 to 9/27/26	1 Month Ago 8/28/25 to 8/28/26	3 Months Ago 6/29/25 to 6/29/26	1 Year Ago 9/27/24 to 9/27/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	4 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	5 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	-37.42% Downside	-41.95% Downside	-31.42% 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	2.69	2.56	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-37.42% Downside	139.13% Upside	19.20% Upside
News Sentiment Rating	Neutral News See Recent GLNCY News	Neutral 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
9/25/2026	UBS Group 4 of 5 stars		Upgrade	Hold ➝ Buy
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 Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		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
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.
4/14/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
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 Sunday at 08:31 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 Wednesday, September 23, 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 recently secured a $500 million commitment from the Export-Import Bank of the United States to create a strategic critical minerals reserve, a move that strengthens US supply chains and positions the company favorably within government-backed infrastructure initiatives.
The company is actively expanding its footprint in the energy transition sector by signing a $1 billion offtake agreement with Nth Cycle to supply lithium and other critical minerals extracted from recycled batteries, diversifying its revenue streams beyond traditional mining.
Glencore plc is pursuing significant growth opportunities in the aluminum sector, including discussions with Guinea regarding alumina refining and energy investments, as well as a potential deal with Mercuria for a Venezuela aluminum smelter, which could enhance its production capabilities.
Investors may benefit from the company's strong market position as a top sector pick for Citi, which has highlighted Glencore's standout performance in its marketing arm and its compelling growth narrative centered on a copper strategy targeting a doubling of production over the next decade.
With the current stock price at $14.56, the shares are trading below the 52-week high of $17.05, potentially offering an entry point for investors who believe in the long-term value of the company's diversified commodity portfolio and recent strategic partnerships.

Glencore
Bear Case

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

Glencore plc is facing significant legal and financial risks from its exposure to Radiant World, a company with which it has stopped doing new business, as the firm has sued Glencore for $2 billion in damages and the miner has set aside a $480 million provision for this exposure.
Operational risks are heightened by recent security incidents, such as the attack on the Cerrejon coal mine in Colombia where the railway network was attacked with explosives and a train was damaged, which could disrupt supply chains and increase operational costs.
The company is dealing with ongoing legal challenges, including a $236 million lawsuit against the insolvent Prax's Lindsey refinery that was permitted by London's High Court, which may result in financial losses or prolonged legal proceedings.
Reputational and compliance risks persist due to the plea of not guilty by Glencore's former head of oil, Alex Beard, to two bribery charges relating to the company's operations in west Africa, which could lead to further regulatory scrutiny or fines.
Despite a consensus rating of Moderate Buy, the consensus price target of $9.30 is significantly lower than the current stock price of $14.56, suggesting that some analysts view the current valuation as overpriced relative to their fundamental estimates.

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 year. There is currently 1 sell rating, 3 hold ratings, 8 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 -37.42% based on their 12-month stock forecasts.

Over the previous 90 days, Glencore's stock had 3 upgrades and 2 downgrades by analysts.

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

Analysts like Glencore more than other "materials" companies. The consensus rating score for Glencore is 2.69 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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MarketBeat monitors more than a dozen sources for Glencore analyst ratings, with the most recent rating issued on 9/25/2026.

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Glencore (GLNCY) Stock Forecast & Price Target