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GLEN Glencore Plc

433.60
1.30 (0.30%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  1.30 0.30% 433.60 10,688,445 16:35:08
Bid Price Offer Price High Price Low Price Open Price
433.65 433.80 437.80 432.60 434.65
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec USD 217.83B USD 4.28B USD 0.3522 12.32 52.54B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:49:11 O 686 433.60 GBX

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Date Time Title Posts
25/7/202417:59Glencore Xstrata11,160
18/10/202316:06Glencore International - A global player15,412
13/1/202309:08Glencore4
30/3/202220:45Glencore IPO onwards >>6
22/9/201618:38Analysts' View on Glencore (GLEN)-

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Glencore (GLEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:49:17433.606862,974.50O
2024-07-26 15:47:02435.424,57419,916.11O
2024-07-26 15:43:15383.18576,9662,210,818.32O
2024-07-26 15:35:35433.602501,084.00AT
2024-07-26 15:35:21433.101147.64O

Glencore (GLEN) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Glencore Daily Update
Glencore Plc is listed in the Nonmetallic Mineral Pds, Nec sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 432.30p.
Glencore currently has 12,153,410,818 shares in issue. The market capitalisation of Glencore is £52,733,649,539.
Glencore has a price to earnings ratio (PE ratio) of 12.32.
This morning GLEN shares opened at 434.65p
Posted at 25/7/2024 17:59 by sundial1
Copper be bouncing around here hence reflection on share glencore share price bouncing here. Bank of england and America dropp rates very soon helping glencore
Posted at 21/7/2024 17:28 by sundial1
Let's hope reporting over a weeks time. Glen posts good results always the worst out of the three,over the years .and we seen what happened to the other two share prices lately
Posted at 06/6/2024 06:26 by sundial1
Hopefully by Friday price woll be scratch. Instead of adding where it was to 515 area. Price could be travelling ng side ways till September looking at the demand of copper. Talk of glen putting bid for anglo, dont know where share price end up if a cash, or almagamation
Posted at 29/5/2024 12:23 by action
If BHP walks away as the share price upward movement shows, will Glen going to bid now as share price going down now?
Posted at 20/5/2024 09:57 by gxgxx
Glencore share price surge explained: what next?

hxxps://invezz.com/news/2024/05/20/glencore-share-price-surge-explained-what-next/
Posted at 12/5/2024 19:01 by sundial1
Action that's good.coal and copper prices as known much higher to pay going forward, talk of Rio kicking now with Anglo .it will take the heat off us helping share price.if it comes off Glen will cherry pick south African divisions off Anglo
Posted at 03/5/2024 00:49 by mhrangoon
This may affect share price. We may see a big drop in share price???
Posted at 29/4/2024 21:10 by action
Copper up 2.32%. What is wrong with GLEN price??
Posted at 13/4/2024 06:28 by gxgxx
Article from Internet

Glencore share price is nearing a golden cross formation
Glencore’s stock has jumped sharply in the past few weeks.
The price of copper has soared to its highest level since 2022.
There are signs that a new supercycle is happening in the commodities market.
Glencore (LON: GLEN) share price continued its strong recovery this week as investors focused on the commodity sector. The stock surged to a high of 477.60p, its highest point since January 2nd. It has risen by more than 30% from its lowest point in 2024.
Copper price is soaring

Mining companies are doing well, helped by the ongoing recovery of commodity prices around the world. As I wrote on Wednesday, Antofagasta has become the best-performing company in the FTSE 100 index this year.

Glencore’s stock is surging because of the ongoing revival of the copper market. Data shows that the price of copper rose to its highest point since June 2022. It has risen by over 24% from its lowest point in 2023 and is a sign that the global economy is bouncing back.

Copper is an important metal in Glencore’s business. It produced over 1 million tons of copper in 2023, generating billions of dollars in revenues and profits. In all, its metals and minerals business had over $35 billion in revenues and an adjusted EBITDA of $5.4 billion.

Glencore is also benefiting from the resurgence coal business. Data shows that the price of coal has jumped to $121, much higher than the year-to-date low of $94. This is notable because Glencore is one of the biggest coal companies in the world.

Coal demand will continue rising even as countries invest more money on renewable energy projects like wind and solar. The main threat for coal is natural gas, which is one of the most popular energy source in some countries.

Glencore is in the process of transitioning from the coal business, a strategy I believe is wrong. It is doing that by spinning off its coal business and combining it with that of Teck Resources.

Meanwhile, Glencore is set to benefit from its marketing operations since it one of the biggest commodity traders in the world. It moves millions of barrels of oil every day, which helped it make over $186 billion in revenues in 2023.

Glencore and other trading companies like Vitol, Trafigura, and Mercuria have been swimming in cash in the past few years. According to FT, trading profits jumped to over $104 billion in 2023.

Therefore, as we saw with General Electric, there is a possibility that Glencore’s stock will do well ahead of its spin-off. GE shares jumped sharply ahead of its energy business spin-off this year.
The daily chart shows that the Glencore stock price has been in a strong bullish trend in the past few weeks. It has moved back to the rising wedge pattern that formed in 2023.

The stock is now about to form a golden cross pattern, which happens when the 200-day and 50-day Exponential Moving Averages (EMA) cross each other.

Also, the Relative Strength Index (RSI) shows that there is a bullish momentum going on. Therefore, the outlook for the stock is bullish, with the initial target being at 500p.
Posted at 14/3/2024 11:20 by pj84
Some snippets from the above article.

“An activist investor has called on Glencore to abandon the demerger of its coal business and to switch its primary listing to Sydney from London, which it said was “no longer the home of mining”.

Tribeca Investment Partners, an Australian hedge fund, wrote to the board of the Swiss commodities powerhouse this week putting forward a list of proposals designed to help to revive the share price, which it said had trailed behind rivals since Glencore’s stock market flotation in 2011.”

....

“Tribeca urged the Glencore board to increase dividends by ending share buybacks and by divesting a minority stake in the trading division via a market flotation.”
Glencore share price data is direct from the London Stock Exchange

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