Glencore Share Discussion Threads

[the grumpy old men] 19/1/2019 15:16

broker ratings
Glencore PLC 19.1% Potential Upside Indicated by Goldman Sachs

Posted by: Charlotte Edwards 18th January 2019

Glencore PLC with EPIC/TICKER (LON:GLEN) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Goldman Sachs. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Goldman Sachs have set their target price at 350 GBX on its stock.

[ariane] 19/1/2019 10:41

WHO USED TO SAY

THE TREND IS YOUR FRIEND

[waldron] 19/1/2019 09:51

01/02/2019 Glencore Production Report for the 12 months ended 31 December 2018


20/02/2019 Glencore Preliminary Annual Results 2018

[waldron] 19/1/2019 09:47

BUYBACKS COMING ALONG SLOWLY BUT SURELY

USD 1.79 BILLION APPROX OF 2

2018/19 share buy-back programme

On 5 July 2018, Glencore plc commenced a share repurchase or buy-back programme of up to USD1 billion (the “Programme”) in the period to 31 December 2018. On 25 September 2018, Glencore plc further announced an increase in the size of the Programme by an additional amount of up to USD1 billion and the extension of the duration of the programme until the close of dealings on 20 February 2019.

[waldron] 18/1/2019 16:55

Rio Tinto
3,925 +0.72%


Anglo American
1,821.2 +1.74%


Glencore
297.75 +2.58%


Gold COMEX 1,282.40 -0.77%
Silver COMEX 15.44 -0.62%
Copper COMEX 2.72 +1.34%
Brent Crude Oil NYMEX 62.67 +2.44%
Gasoline NYMEX 1.46 +1.16%
Natural Gas NYMEX 3.29 -3.72%

[grupo] 18/1/2019 10:56

Broker Forecast - Goldman Sachs issues a broker note on Glencore PLC
By BFN News | 09:50 AM | Friday 18 January, 2019

Factsheet Glencore PLC Ord USD0.01 (GLEN)


Goldman Sachs today reaffirms its buy investment rating on Glencore PLC (LON:GLEN) and cut its price target to 350p (from 400p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[grupo] 18/1/2019 08:02

SYDNEY--Rio Tinto PLC (RIO.LN), one of the world's largest mining companies, published an operational report for 2018. The miner reported a 2% rise in iron-ore shipments from its Australian operations and forecast a further rise in 2019. Here are some remarks from the report.



On iron-ore production:

"Pilbara operations produced 337.8 million [metric] tons (Rio Tinto share 281.8 million tons) in 2018, 2% higher than 2017, at the upper end of guidance. The production performance is attributable to the ramp-up of expanded mines and minimal weather events. Rio Tinto's Pilbara shipments in 2019 are expected to be between 338 and 350 million tons, (100% basis), subject to weather and market conditions. Following a plant fire at the port of Cape Lambert A on Jan. 10, 2019, Rio Tinto expects limited disruption to Robe Valley lump and fines shipments, which is reflected in the above guidance."



On iron-ore prices:

"Approximately 17% of sales in 2018 were priced by reference to the prior quarter's average index lagged by one month. The remainder was sold either on current quarter average, current month average or on the spot market. Achieved average pricing in 2018 was $57.6 per wet metric ton on an FOB basis (equivalent to $62.5 per dry metric ton). In 2017, the full year price achieved was $59.6 per wet metric ton (equivalent to $64.8 per dry metric ton)."



On bauxite output:

"Bauxite production in 2018 of 50.4 million tons was 1% lower than 2017 and at the upper end of guidance. Strong production at Gove and the Andoom mining area in Weipa was offset by lower production at two non-managed operations. The CBG mine in Guinea was impacted by planned tie-in works as part of the commissioning of the expansion project, and MRN in Brazil was affected by the Alunorte refinery outage."



On newest bauxite mine:

"The Amrun project achieved first shipment six weeks ahead of schedule, with a total of nine ships loading 600,000 tons before the end of 2018."



On Kennecott copper mine:

"Mined copper production in 2018 was 37% higher than 2017 as mining activity continued in a higher grade area of the pit, coupled with productivity improvements and increased plant throughput. In 2019, the production profile will see increased variability in grade as operations mine in lower levels of the pit, together with waste stripping related to the south wall pushback expansion. Anticipated south wall pushback grades begin to increase in late-2020 and are expected to offset this variability over the longer term."



On Oyu Tolgoi operation:

"Work continues on the critical shaft two equipping activities, central heating plant, mine infrastructure, underground materials handling systems and on priority underground development. Overall progress continues to track in-line with the re-forecast undertaken in the third quarter of 2018. The project workforce has now reached peak levels of around 9,400, whilst maintaining a high (88%) participation rate of Mongolian nationals."



Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

January 17, 2019 17:49 ET (22:49 GMT)

[waldron] 18/1/2019 07:21

Katanga Mining Ltd. on Thursday said it entered into a management services agreement with Glencore International AG, and named a new chief executive and a new financial chief.

Danny Callow was named CEO, Katanga said. He was head of Africa copper operations at Glencore, a position he had held since January 1, 2015. Prior to that, Mr. Callow was CEO of Mopani Copper Mines PLC, a Glencore subsidiary, until December 2014.

Paul Smith, Katanga's new CFO, joined Glencore PLC in July 2011 and since 2013 was head of strategy there.

Mr. Callow and Mr. Smith are being provided to Katanga by Glencore International pursuant to the management services agreement.

Grant Sboros, Katanga's current CFO, will continue in his role as site CFO of Katanga's 75%-owned operating subsidiary, Kamoto Copper Company SA. Samuel Rasmussen, Katanga's current COO, will assume the role of managing director of operations at Kamoto.

Under the terms of the management services agreement, Glencore will make personnel available to Katanga, and will provide administrative, financial and other management services to manage and support the operations of Katanga and its subsidiaries, and to support Katanga's governance and reporting to the board and shareholders, the companies said.

Glencore International is the majority shareholder in Katanga Mining, which operates a major mine complex in the Democratic Republic of Congo, producing refined copper and cobalt.



--Write to Stephen Nakrosis at [e-mail]



(END) Dow Jones Newswires

January 17, 2019 18:19 ET (23:19 GMT)

[waldron] 17/1/2019 17:15

01/02/2019 Glencore Production Report for the 12 months ended 31 December 2018


20/02/2019 Glencore Preliminary Annual Results 2018

[waldron] 17/1/2019 16:48

Rio Tinto
3,905 +0.67%


Anglo American
1,789.4 +0.30%


Glencore
291 +1.08%


Gold COMEX 1,291.10 +0.21%
Silver COMEX 15.54 -0.54%
Copper COMEX 2.68 +1.69%
Brent Crude Oil NYMEX 60.89 +0.41%
Gasoline NYMEX 1.41 -0.33%
Natural Gas NYMEX 3.43 -2.00%

[ariane] 17/1/2019 11:28

RCT identifies safety improvements at Glencore’s Hail Creek coal mine
Posted by Daniel Gleeson on 17th January 2019

RCT has installed an AusProTec™ LED numbering system to a fleet of seven surface mine water trucks at Glencore’s Hail Creek coal operation in the Bowen Basin of Queensland, Australia

The system will help improve positive identification of fleet numbering from the rear of the water trucks, according to RCT, and was implemented when key site personnel visited Glencore’s Clermont coal mine and saw RCT’s LED numbering system in operation first-hand.

“This initiative is just another way Glencore is safeguarding operators,” RCT said.

The AusProTec Heavy Duty LED has been specifically designed for the mining industry, according to RCT. With tough aluminium housing, rated to IP69 and 10G vibration testing, these LED lights are designed to withstand the harshest conditions.

Glencore only began operating Hail Creek in August following the acquisition of Rio Tinto’s 82% interest in the mine.

Coal is predominantly mined from two seams at Hail Creek: the Elphinstone Seam, with an average thickness of 6.4 m, and the Hynds Seam, averaging 8.3 m in thickness. Mining is undertaken by a dragline, truck and shovel method. In 2017, the mine produced around 9.4 Mt of hard coking and thermal coal (5.3 Mt HCC and 4.1 Mt TC).

[montyhedge] 16/1/2019 17:18

If they extended, can't see how they can, but that would be good.

[twixy] 16/1/2019 17:03

Buybacks finish in a couple of weeks time, be interesting when the cushion removed.------------------It would be more interesting to have an announcement to confirm they will be extended ;-)

[waldron] 16/1/2019 16:47

Rio Tinto
3,880 -0.56%


Anglo American
1,782.6 -0.69%


Glencore
290.25 -0.51%


Gold COMEX 1,289.60 +0.09%
Silver COMEX 15.62 +0.00%
Copper COMEX 2.64 +0.25%
Brent Crude Oil NYMEX 61.00 +0.59%
Gasoline NYMEX 1.41 -0.35%
Natural Gas NYMEX 3.60 +2.71%


Despite the ups and downs,our glen still sitting in the 280 to 310p BOX

[montyhedge] 16/1/2019 16:20

Buybacks finish in a couple of weeks time, be interesting when the cushion removed.

[adrian j boris] 16/1/2019 10:55

Being a longterm holder, i tend to believe that most of these targets are atleast 12 months out at minimum


i suggest you follow put and call contracts to give a shortterm indicator of a timeframe but this could all change in a blink of an eye according to news flow

i just await my divi these days




EDIT one can never be sure put some say the share price could rise 33pc during the coming 12 month time period

FEBRUARY REPORTING MIGHT GIVE AN INDICATOR

[waldron] 16/1/2019 10:12

The Grumpy Old Men
6 Jan '19 - 09:01 - 370 of 418
0 4 0





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

[waldron] 16/1/2019 10:11

CHUCKLE


foxy22 best not to rely on any one brokers view as thay seem all to use crystal balls and different time frames if at all

cannot give anything further at this juncture due the many imponderables surroundiing politics,scandals and investigations

AND not wishing to subscribe to mining journal




enjoy your day

cheers

[foxy22] 16/1/2019 09:54

WaldronWhat is bernstein gait target price and does he indicate timeframe

[waldron] 16/1/2019 09:04

Glencore "far too cheap": analyst

MAJOR miner and trader Glencore is trading well under its historical average valuation, and its share price could climb 70%, despite the prospect of massive US fine, according to Bernstein.
Glencore "far too cheap": analyst

Glencore's coal and copper businesses don't get the valuation as its competitors, Gait says

Finance > Capital-markets

16 January 2019


Glencore has been hit by corruption investigations and the "high discounting of the coal and African copper business units", Bernstein analyst Paul Gait said.

[twixy] 15/1/2019 22:36

It has been mentioned by a few commentators in the financial press and Ivan did say buy backs are one of two ways GLEN will return funds to shareholders, dividends being the other. No doubt we will hear if there is a buy back extension with the results on Feb 20th. It would take a while with buy backs but eventually Ivan would get control.

[dremel] 15/1/2019 22:03

This buyback and its extensions makes me wonder if Ivan is not secretly intending to take this private ?, just wondering, be nice if it was .