Glencore Share Discussion Threads

[waldron] 07/1/2019 17:03

Rio Tinto
3,831 +0.99%


Anglo American
1,770.8 +0.82%


Glencore
287.35 +1.11%


Gold COMEX 1,288.90 +0.24%
Silver COMEX 15.74 -0.32%
Copper COMEX 2.64 -0.21%
Brent Crude Oil NYMEX 58.27 +2.12%
Gasoline NYMEX 1.37 +1.78%
Natural Gas NYMEX 2.95 -3.19%

[montyhedge] 07/1/2019 09:09

Taken profit, don't trust this market.

[sarkasm] 07/1/2019 08:20

Glencore
288.75 +1.60%

[the grumpy old men] 06/1/2019 09:01

How Many Glencore Plc (LON:GLEN)’s Analysts Are Bullish?
Posted by Linda Rogers on January 5, 2019 at 9:53 pm

Glencore Plc (LON:GLEN) Logo

Glencore Plc (LON:GLEN) Ratings Coverage

Among 12 analysts covering Glencore PLC (LON:GLEN), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Glencore PLC had 45 analyst reports since July 6, 2018 according to SRatingsIntel. The company was maintained on Monday, November 19 by Barclays Capital. The stock has “Overweight” rating by Barclays Capital on Wednesday, July 18. RBC Capital Markets maintained Glencore Plc (LON:GLEN) on Thursday, December 13 with “Outperform” rating. Deutsche Bank maintained the shares of GLEN in report on Monday, November 5 with “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, July 31 report. The stock of Glencore Plc (LON:GLEN) earned “Outperform” rating by Credit Suisse on Wednesday, December 12. Deutsche Bank maintained Glencore Plc (LON:GLEN) on Wednesday, November 7 with “Buy” rating. The stock of Glencore Plc (LON:GLEN) has “Overweight” rating given on Friday, October 12 by Barclays Capital. UBS maintained the stock with “Neutral” rating in Thursday, November 1 report. JP Morgan maintained the shares of GLEN in report on Monday, November 19 with “Neutral” rating. Below is a list of Glencore Plc (LON:GLEN) latest ratings and price target changes.

13/12/2018 Broker: UBS Rating: Neutral Old Target: GBX 360.00 Maintain
13/12/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 360.00 Maintain
12/12/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 480.00 Maintain
10/12/2018 Broker: Citigroup Rating: Buy Old Target: GBX 400.00 New Target: GBX 360.00 Maintain
20/11/2018 Broker: Deutsche Bank Rating: Buy Old Target: GBX 450.00 Maintain
19/11/2018 Broker: JP Morgan Rating: Neutral Old Target: GBX 340.00 New Target: GBX 340.00 Maintain
19/11/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 400.00 Maintain
07/11/2018 Broker: UBS Rating: Neutral Old Target: GBX 360.00 Maintain
07/11/2018 Broker: Deutsche Bank Rating: Buy Old Target: GBX 450.00 Maintain
07/11/2018 Broker: Liberum Capital Rating: Hold Old Target: GBX 300.00 Maintain

[wbecki] 05/1/2019 11:27

Wouldnt fret about Congo too much if I were you.

As long as the brown envelopes that pass are sufficiently filled all will be okay.

[montyhedge] 05/1/2019 11:21

Congo is a worry for me.

[la forge] 05/1/2019 09:53

business
Mining World Watches as Congo Counts Votes for Next Leader
By Thomas Biesheuvel
4 janvier 2019 à 15:08 UTC+1 Updated on 5 janvier 2019 à 10:33 UTC+1

Congo has never witnessed a peaceful transition of power
Country is the top producer of cobalt, used in batteries



The Democratic Republic of Congo is in uncharted waters as the nation awaits election results marking the end of President Joseph Kabila’s rule. One thing is certain: the mining world is watching closely.

Congo, which held presidential polls on Dec. 30, is one of the world’s most important but difficult mining jurisdictions. Companies including Glencore Plc, Barrick Gold Corp. and China Molybdenum Co. have major operations in the country and Congo is the biggest producer of cobalt, a key material for batteries, as well as an important source of minerals from tungsten to tin.

Glencore’s Misadventure in the Congo Threatens Its Cobalt Dreams

One of the industry’s biggest concerns in the past year has been a new mining code introduced by Kabila’s government that raised royalties, added taxes and canceled a clause that would have protected them against fiscal changes for 10 years. There has been vocal opposition from the mining industry, but so far no concessions.

The presidential contest is a three-way race between Kabila’s protege, Emmanuel Ramazani Shadary, and the two main opposition candidates -- Martin Fayulu and Felix Tshisekedi. While Shadary is expected to stick with the new mining code, the issue has not been a prominent campaign theme, so investors largely remain in the dark on the possible impact.
Fool’s Errand

On the campaign trail, Shadary’s team criticized the opposition by claiming they would reverse the mining code, while Fayulu and Tshisekedi’s camps have indicated in interviews they’d at least re-engage with the mining companies and listen to their concerns.

“No one’s made any specific assertions on what they’re going to be doing to the mining industry post elections,” said Ben Davis, an analyst at Liberum Capital Markets. “There are too many unknowns. Praying for any one candidate is a bit of a fool’s errand.”

State-owned mining company Gecamines, headed by Kabila ally Albert Yuma, last year renegotiated joint ventures with Glencore Plc and Eurasian Resources Group BV in deals that involved billions of dollars of debt forgiveness by their parent companies. Yuma has repeatedly said he plans to revisit all partnerships with international mining companies, a course of action that would likely continue under a Shadary presidency.

The elections are a milestone for Congo, which has never witnessed a peaceful transfer of power. The electoral commission has said it can’t give provisional results before Jan. 6, however an organization representing the country’s influential Catholic bishops said Thursday that “data in its possession” from polling stations already show the outcome.
Cobalt Means Congo

Source: U.S. Geological Survey 2017 production estimates

Global Giant

Congo, home to deposits of gold, diamonds, tin and coltan, is renowned for its copper and cobalt output -- it accounts for more than half of global production of cobalt. Glencore, the biggest commodity trader, operates cobalt and copper mines in the country and mined almost 300,000 metric tons of copper and 26,000 tons of cobalt in the first nine months of 2018. It plans to produce significantly more this year, as it ramps up production at its Katanga mine.

Barrick Gold, which completed the $5.4 billion takeover of Randgold Resources Ltd. this week, inherited an interest in the country as part of the deal. The company now operates the Kibali gold mine in the Congo’s northeast, one of the best in the world. The operation will produce more than 700,000 ounces of gold this year. AngloGold Ashanti Ltd. also owns 45 percent of the mine.

Read a Quicktake previewing the Congo elections

“We believe it’s an important step for the country. We await the outcome and the consequences of the final election results,” Barrick’s new Chief Executive Officer, Mark Bristow, said earlier this week. “We will continue to work with the new authority in the DRC to ensure that we can deliver on our view that there is enormous opportunity, particularly in the North East DRC, for discovering world class gold deposits.”

Other companies in Congo include China Moly, which bought the giant Tenke Fungurume copper and cobalt mine from Freeport-McMoRan Inc. in 2017, and privately-held Chemaf, which also mines cobalt.

— With assistance by William Clowes
(Adds renegotiation of joint-venture contracts in third paragraph after Fool’s Errand subheadline.)

[waldron] 04/1/2019 16:49

Rio Tinto
3,801.5 +4.35%


Anglo American
1,755 +4.80%



Glencore
284.45 +5.72%


Gold COMEX 1,285.90 -0.69%
Silver COMEX 15.81 +0.08%
Copper COMEX 2.64 +2.80%
Brent Crude Oil NYMEX 57.16 +2.16%
Gasoline NYMEX 1.36 +0.86%
Natural Gas NYMEX 2.99 +1.43%


so back at end of week in the 280 to 310p BOX

to be confirmed next week

[foxy22] 04/1/2019 16:11

Moving back up to 300....Ubs target in one day!!!

[dmf] 04/1/2019 14:28

Odds of Fed rate cut in 2019 jump as growth outlook dims

[the grumpy old men] 04/1/2019 12:25

Home » Reports » Broker Ratings » Glencore PLC 8.9% Potential Upside Indicated by UBS
broker ratings
Glencore PLC 8.9% Potential Upside Indicated by UBS

Posted by: Charlotte Edwards 4th January 2019

Glencore PLC with EPIC/TICKER (LON:GLEN) had its stock rating noted as ‘UnchangedR17; with the recommendation being set at ‘NEUTRAL’; this morning by analysts at UBS. Glencore PLC are listed in the Basic Materials sector within UK Main Market. UBS have set their target price at 300 GBX on its stock.

[the grumpy old men] 04/1/2019 12:23

04 January 2019, 08:50
Source - SMW

UBS today reaffirms its neutral investment rating on Glencore PLC (LON:GLEN) and cut its price target to 300p (from 360p).



Broker Forecasts data provided by www.sharesmagazine.co.uk

[waldron] 04/1/2019 08:06

- 04/01 09:05:51
275.32 GBp +2.33%

[waldron] 04/1/2019 08:00

European stocks set for gains at the open as US, China agree to hold trade talks
Published an hour ago
Ryan Browne
@Ryan_Browne_




Key Points

Markets in the continent got a slight lift after China’s commerce ministry said the U.S. and China would hold trade talks on Jan. 7-8.
Data showing China’s services sector extended a solid expansion in December also provide support, amid fears of a slowdown in growth.

[waldron] 04/1/2019 07:58

Twixy
3 Jan '19 - 17:26 - 352 of 354
0 1 0
Buy backs slowed down to 2MM per day - anyone care to hazard a guess why, as the purchases have ordinarily been double that number?!?

MIGHT BE A TREASURY HICCUP AND OR BAD NEWS TO BE CONFIRMED AGAIN TODAY

PERHAPS ITS SOME PUTS AND CALL TRADES MISPLACED

[leoneobull] 03/1/2019 18:03

Why the share price crash? Cu seemed to tank a bit today. Why divergence from other commodities?

[twixy] 03/1/2019 17:26

Buy backs slowed down to 2MM per day - anyone care to hazard a guess why, as the purchases have ordinarily been double that number?!?

[waldron] 03/1/2019 17:15

I WILL ENDEAVOUR TO MAKE MY OWN RULES

MAKE YOUR OWN RULES KNOWING

WHO KNOWING YOU WILL CONTROL MORE OUTSIDE THE BOX

[waldron] 03/1/2019 17:11

KNOWING

THANKS BUT PLEASE THINK OUT SIDE THE BOX AND CHART

LESSER VISION IS NOT FUN

BUT THESE SILLY RULES ARE STUPID

MAKE YOUR OWN RULES

OR YOU TOO WILL FALL FOWL OF BEING POLITICAL CORRECT