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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
  6.70 1.23% 552.30 14,782,111 14:09:47
Bid Price Offer Price High Price Low Price Open Price
552.30 552.40 557.70 541.80 544.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 150,668.30 5,453.61 28.10 17.8 72,705
Last Trade Time Trade Type Trade Size Trade Price Currency
14:09:46 O 714 552.60 GBX

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GLEN is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC 4.90% 2022-12-31
 JUPITER UK GROWTH INVESTMENT TRUST PLC 3.80% 2023-02-02

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Glencore (GLEN) Most Recent Trades

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14:09:46552.607143,945.56O
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14:09:46552.303982,198.15AT
14:09:46552.3079436.32AT
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Glencore (GLEN) Top Chat Posts

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Posted at 03/2/2023 08:20 by Glencore Daily Update
Glencore Plc is listed in the Mining sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 545.60p.
Glencore Plc has a 4 week average price of 517.30p and a 12 week average price of 491.80p.
The 1 year high share price is 584.50p while the 1 year low share price is currently 395.40p.
There are currently 13,163,987,056 shares in issue and the average daily traded volume is 49,022,835 shares. The market capitalisation of Glencore Plc is £72,625,716,587.95.
Posted at 02/2/2023 15:09 by meb123
Came across this piece - reasons to be optimistic!

Glencore shares: Why are analysts bullish on its prospects?
The Glencore share price has risen over 19% in the last six months to January 30, 2023. It’s up 0.33% in early trading to 550.03 (GBX) on January 30, as investors await the mining firm’s full-year results for last year. The company is publishing their finals on Wednesday, with bearish traders still keen to analyse Glencore’s fiscal fundamentals as the global economy fails to get out of second gear.
Glencore (LON: GLEN) shares are one of the most popular among investors and analysts right now, due largely to its value and dividend yield. It’s expected to post a dividend yield of 9.7% this year, up to almost 4% on the average yield for shares within the FTSE 100 index. It’s also trading at a price-to-earnings (P/E) ratio of less than 5.8 – with the average P/E ratio for shares within the FTSE 100 said to be around 13.5.

Citigroup labelled the Glencore share price a ‘top pick’
Credit Suisse and Barclays also anticipate Glencore shares to ‘outperform217;
Copper and iron ore demand could soon supercharge the Glencore share price
In mid-January, Citigroup analysts reiterated its choice of Glencore shares as a ‘top pick’ for clients. Similarly, Credit Suisse reiterated its target price for Glencore sheets at 700.00 (GBX), with analysts noting its “significant copper exposure” that could provide “opportunity for long term growth”.

Posted at 01/2/2023 16:46 by excelsior
Share price movements for the last 4 prod reports, 3/4, share price finished positive...Good post Norfolk Enchance (6968)
Posted at 31/1/2023 19:16 by norfolk enchance
Share price movements for the last 3 prod reports,  2/3, share price finished positive with the last one just 0.8% down, can create decent trading opportunity. Suspect coal/copper prod has taken a slight hit on back of oz floods and peru disruption.First quarter prod report 28th AprilPrev close 479.65; Opened 488.45Range 475.90-492.80 (3.5%) Closed 483.40 +0.80% Half year prod report - 29th JulyPrev close 449.35; Opened 441.75 Range 439.00-463.65 (5.6%). Closed 461.85 +2.80% Third quarter prod report 28th OctPrev Close 501.00; Opened 487.55 Range 481.75-508.60. (5.5%) Closed 496.74 -0.8%
Posted at 25/1/2023 11:13 by gxgxx
Wally I think that this article gives a good explanation of the situation relating to Glencore and its dividends policy....Glencore Stock Rising: Have Financials Played A Role?....hxxps://simplywall.st/stocks/gb/materials/lse-glen/glencore-shares/news/glencore-stock-rising-have-financials-played-a-role
Lucky Glencore.....COAL....https://www.investorschronicle.co.uk/news/2023/01/25/glencore-lands-the-deal-of-the-century/.............COPPER...https://www.miningmx.com/top-story/51856-glencore-tipped-to-attract-investors-as-cash-from-copper-replaces-thermal-coal/

Posted at 24/1/2023 14:34 by wallywoo
That's partly true, imho. Most share buybacks are carried out with very large, super sized companies. Smaller companies often have mixed share price reactions to share buybacks (sdy being a good example).


It is a long-term advantage for large companies. For instance, Glencore's share price fell from 380's to low 200's then up again from 2018 -20. Then of course the share price slumped in April 2020. I firmly believe the speedy share price rise since then was partly because of the 2/3 years of buybacks.


However, I firmly believe they give Glencore a good balance now between growing profits and turnover with reinvestment and looking after the share price.


I firmly believe buybacks provide a huge anchor to the value of your investment here. Companies that issue more shares each year are often the worst performers, and companies that buyback are often the best. All IMHO, dyor.

Posted at 24/1/2023 13:04 by wallywoo
It is interesting the share buyback history here and how the share price has performed.


Glencore started buybacks in 2018, and for the next 2 years bgt steadily, as the share price fluctuated between 200 - 390. In 2020 they stopped (pandemic), the share price slumped. But when resumed in 2021 the share price rose in a straight line from 135 (April 2020) to the price today.


Today Glencore are buying back more shares than ever before. You can't see that process changing anytime soon. And this gives me confidence that the share price will be well supported for years to come.


In essence, they are their own biggest supporter and long term (for ever since the shares will be cancelled), investor. This improves p/e ratios, eps and long term attractiveness to shareholders.

Posted at 06/12/2022 16:22 by demicauk
Well I see nothing within that Investor presentation to slow any move towards the £8 share price within 18 months....my long term target share price also unchanged at between £15 and £18 in between 5 and 7 years time the higher level could come by the 5 year mark....I have only recently started investing again in Glencore in the last 3 months....caught the move up from about £1.10 level to about £3.40 a few years back.... but now am very happy to get back into what I consider to be a very well managed high growth and high cash generating free cashflow company....Dividends increasing and buybacks probably continuing albeit at a possible reduced level should give it good support during inevitable stock market setbacks along the way but I'm extremely happy.....Also pleased that their Capex is increasing to capture new potentials in their core minerals and specifically the recycling business which is going to be extremely important going forward and potentially huge and exponential....I should just finish by saying I am now a market bull for the FTSE 100 over the next 3 years initially...for far too long we have stood still or reversed but my market optimism has returned...Bring on 2023 and a breakout and take out of the FTSE 100 previous all time highs....

Good luck to you all...

Russ...

Posted at 06/12/2022 14:48 by waterloo01
htTps://www.ft.com/content/ed8c59da-fcd2-4c83-9ecb-6e71e1de3575

Glencore expects to shut down 12 coal mines over the next 12 years even as the world’s largest mining company enjoys bumper profits because of high coal prices.

The Switzerland-based mining and trading house is among the world’s most profitable coal miners but said on Tuesday that it would accelerate the closure of several mines by 2035 in order to meet its emissions targets.

Glencore’s coal business is expected to generate about $16.7bn in earnings before interest, tax, depreciation and amortisation next year, more than half the company’s total.

However, its coal production is expected to be flat between 2022 and 2025, with guidance of roughly 110mn tonnes a year, down from Glencore’s previous estimate.

The company will cut its total emissions, including those in its supply chain, by 15 per cent by 2026 and by 50 per cent by 2035 compared with its 2019 baseline.

Glencore anticipates a global structural shortage of copper in the coming years, as demand from grid infrastructure outstrips production from copper mines.

Over the next eight years, global copper demand will outstrip supply by 50mn tonnes each year, chief executive Gary Nagle said in an investor presentation on Tuesday.

To meet this demand Glencore was considering developing the $5.6bn El Pachón copper mine in Argentina, he added.

“When the price is there, when the world is screaming for the copper that it needs . . . that is when we will bring on the new supply,” said Nagle. The El Pachón mine will be developed “as the last cab on the rank, if the world needs the copper” after Glencore’s other brownfield copper mines have been fully expanded, he said.

The company said that it had the capacity to double its total copper production from 1mn tonnes a year at the moment, to as much as 2mn tonnes a year.

During the next three years Glencore expects about $5.6bn in capital expenditure, more than half of which will be spent on sustaining production in its metals division. The company stopped short of disclosing how much it was preparing to spend on reaching its emissions reductions goals.

The Newlands and Liddell coal mines in Australia are both expected to close next year, while the Integra coal mine will operate for a year further than planned, closing in 2024.

Costs for zinc and nickel production are forecast to increase slightly next year, largely because of higher energy costs. Costs for coal and copper production are expected to decline slightly.

Posted at 25/11/2022 06:28 by gxgxx
Glencore the best mining pick for 2023, reckons Deutsche Bank

Glencore PLC (LSE:GLEN) is the best pick in the mining sector heading into 2023, according to Deutsche Bank, which expects a shortage of battery metals to come to a head over the next twelve months.

“There is not enough supply to meet future energy transition-related demand,” said the bank's analysts in a note, highlighting the FTSE 100's group's cobalt division.

“Production growth has ground to a halt over the past three years and when global demand turns back up, the market will again be faced with low inventories, inelastic supply and incentive level prices," they said.

Even so, demand and macro risks are high, the analysts added, so, on a six-12 month horizon, it prefers strong free cash flows, growth kickers and self-help catalysts and on this basis and potential returns Glencore stands out among the UK-listed companies.

The Deutsche Bank analysts said while Glencore's marketing and coal arms have delivered record earnings this year, there is longer-term value in base metals and from the final disposals of non-core assets such as Viterra (TSX:VT).

Deutsche Bank's target price for Glencore rises to 560p, from 500p, and 'buy' is its rating.

Posted at 23/11/2022 06:22 by gxgxx
Repost --- The Glencore share price can keep rising

Rising commodity prices are one of the main reasons inflation has exploded this year. But one of the main beneficiaries of this boom is Glencore (LSE:GLEN). The company has certainly profited from commodity market disruptions. Consequently, its earnings have grown significantly year on year. How significantly? We’re talking a 600%+ annual rise here. This has led to the Glencore share price spiking in value while many others have fallen.

While it’s difficult to sustain profits growth at that level, it still bodes well for the company’s outlook.

But the key factor for me is to discern whether the share price can continue to grow. Is this a one-off boost, or a sign of a profound change in the company’s value?
Pricing power reflected in share price

In my opinion, companies with the best pricing power are in the top position to pass on rising costs to consumers. There are few FTSE 100 constituents with the might of this mining giant. The business has few rivals regarding its size and scale in its market. And the boost in its stock valuation this year has reflected that. The share price is up 33% this year— a terrific run in the current climate and one I expect to continue.

Volatility has greatly boosted its trading profits. Of course, this could just be a short-term thing. But I believe market volatility will persist over 2023 and possibly beyond.

However, there are headwinds to face up to as well. Many city analysts believe the company is already fairly valued compared to peers. They also forecast the supersonic profits to fall by an average of a third over the next three years once commodity market disruptions recede.

Does this deter me? No. I’m still of the view that Glencore’s history of generating consistent profits will continue. This provides the miner with the means to add long-term value to shareholders. For example, it has increased the dividend payouts to shareholders by 38% over the last five years.
A leading dividend stock

Most importantly for me, the company has a clear willingness to return excess profits to investors. Its dividend yield for 2022 is 8%. This makes it one of the highest-yielding dividend shares across the FTSE 100.

It’s forecast to grow to 10% next year. But even if the dividend falls, it’s likely I could receive other cash returns in the form of share buybacks if I hold on to the shares for the long run.
Room for growth

Glencore represents a good inflation hedge, as well as a volatility hedge for me.

Yes, the challenging macroeconomic backdrop has helped lift the company’s profitability to abnormal levels. However, I foresee the key drivers of the current environment — international conflict, supply imbalances and underlying inflation pressures — persisting for some time yet.

I consider the sharp increase in earnings this year as a signal of good business momentum. Going forward, I’m confident management can make good use of this boom period. And I think it all bodes well for a rising valuation.

The Glencore share price should, I believe, continue to be a beneficiary of current market conditions that I believe will rage on. It’s why I may just buy some shares as an early Christmas present.

The post The Glencore share price can keep rising appeared first on The Motley Fool UK.

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