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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
  3.95 1.17% 340.50 14,906,845 12:14:23
Bid Price Offer Price High Price Low Price Open Price
340.45 340.60 342.90 336.45 336.95
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 104,108.75 -3,741.94 -10.24 45,369
Last Trade Time Trade Type Trade Size Trade Price Currency
12:14:15 O 300 340.582 GBX

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Glencore (GLEN) Discussions and Chat

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Date Time Title Posts
28/9/202111:54Glencore Xstrata3,276
12/1/202108:36Glencore International - A global player15,407
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02/2/201615:29GLENCORE INTERNATIONAL PLC: Jon's Bear Club500

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Glencore (GLEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:14:10340.504531,542.47AT
11:13:54340.441034.04O
11:13:52340.403311,126.72AT
11:13:52340.40288980.35AT
11:13:52340.409863,356.34AT
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Glencore (GLEN) Top Chat Posts

DateSubject
28/9/2021
09:20
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 336.55p.
Glencore Plc has a 4 week average price of 305.10p and a 12 week average price of 291p.
The 1 year high share price is 342.90p while the 1 year low share price is currently 150.60p.
There are currently 13,324,342,541 shares in issue and the average daily traded volume is 44,103,028 shares. The market capitalisation of Glencore Plc is £45,369,386,352.11.
24/8/2021
08:12
la forge: FWIW The Motely Fool I think Glencore shares could be a great buy right now. Here’s why Jonathan Smith | Tuesday, 24th August, 2021 | Glencore (LSE:GLEN) is a large commodity and mining company. It ranks globally as one of the largest companies. This sometimes can be a problem for investors like myself. Such large institutions can be cumbersome and slow moving in the market. This can see them left behind by smaller and more nimble competitors. Yet in this case, I think Glencore is doing well and so I’m considering buying shares. Here’s why. Strong results give optimism Glencore splits its operations mainly into two groups. These are the metals and mining segment and the energy products division. Metals and mining is significantly larger in scope and accounts for the bulk of earnings for the company. It’s this part of the business that really drove strong H1 2021 results. Glencore delivered an adjusted EBITDA profit of $8.7bn. This is an exceptional figure at both a relative and absolute level. At a relative level, this profit was up 79% on the same period last year. At an absolute level, this profit is larger than some FTSE 100 companies turned over as revenue (let alone a profit measure) during the period! The business commented that the main drivers behind this included higher commodity prices. Also, favorable cost structures helped, along with a better commercial environment to sell the end outputs to. When I take a look at Glencore shares though, they are only up 3% over the past six months, albeit up 83% over the past year. So are they a good buy based on the fundamentals? I think so. Why I like Glencore shares The strong results give me a positive outlook for the future. I agree that some of this was purely down to commodity prices, but then again, I don’t see why commodity prices can’t increase further. For example, I think oil can move higher this year due to higher end demand from areas such as cars and aviation. For metals including copper, the key consumer (China) seems to continue to show economic growth. When you add into the mix potential supply disruptions due to Covid-19 in South America, the copper price could easily keep moving higher. Aside from commodity prices, I like Glencore due to the reduction in levels of debt. My colleague Manika Premsingh flagged this up in a recent article. The net-debt-to-earnings ratio has decreased to 0.7%, half the level from the end of 2020. Given concern over higher inflation leading to higher interest rates, companies with low levels of debt should be least impacted. This puts Glencore shares in a positive light for me. There are risks though. Glencore is unlikely to be on the watch list of ESG investors given the nature of its mining business. This could hamper share price growth in the long run. Further, the company does have a history of scandals. At the moment, it faces another bribery investigation over operations in the DRC. These could all weigh heavily on Glencore shares. But overall, I’m considering buying Glencore shares at the moment to benefit from its continued strength looking forward.
12/8/2021
02:23
garycook: Looks that way.Next resistance 370p.and then 400p.Glencore share price forecast by day. Date Weekday Min Max Price 12/08 Thursday 341 363 352 13/08 Friday 346 368 357 16/08 Monday 346 368 357 17/08 Tuesday 348 370 359 18/08 Wednesday 342 364 353 19/08 Thursday 341 363 352 20/08 Friday 345 367 356 23/08 Monday 349 371 360 24/08 Tuesday 343 365 354 25/08 Wednesday 346 368 357 26/08 Thursday 350 372 361 27/08 Friday 347 369 358 30/08 Monday 358 380 369 31/08 Tuesday 363 385 374 01/09 Wednesday 360 382 371 02/09 Thursday 371 393 382 03/09 Friday 378 402 390 06/09 Monday 367 389 378 07/09 Tuesday 356 378 367 08/09 Wednesday 357 379 368 09/09 Thursday 363 385 374 10/09 Friday 359 381 370 13/09 Monday 356 378 367 14/09 Tuesday 367 389 378 Glencore share price forecast on Thursday, 12 August: 352 GBp, maximum 363, minimum 341. Glencore share forecast on Friday, 13 August: 357 GBp, maximum 368, minimum 346. Glencore share price forecast on Monday, 16 August: 357 GBp, maximum 368, minimum 346. Glencore share forecast on Tuesday, 17 August: 359 GBp, maximum 370, minimum 348. Read more Glencore Share Price Forecast For 2021, 2022 And 2023 Month Open Min-Max Close Total,% 2021 Aug 311 3-385 374 20.3% Sep 374 356-412 400 28.6% Oct 400 364-400 375 20.6% Nov 375 375-413 401 28.9% Dec 401 375-401 387 24.4% 2022 Jan 387 387-426 414 33.1% Feb 414 414-456 443 42.4% Mar 443 443-483 469 50.8% Apr 469 469-517 502 61.4% May 502 453-502 467 50.2% Jun 467 467-496 482 55.0% Jul 482 482-529 514 65.3% Aug 514 514-567 550 76.8% Sep 550 550-607 589 89.4% Oct 589 532-589 548 76.2% Nov 548 519-551 535 72.0% Dec 535 526-558 542 74.3% 2023 Jan 542 492-542 507 63.0% Feb 507 458-507 472 51.8% Mar 472 426-472 439 41.2% Apr 439 396-439 408 31.2% May 408 408-450 437 40.5% Jun 437 421-447 434 39.5% Jul 434 434-470 456 46.6% Aug 456 411-456 424 36.3% Glencore share price forecast for August 2021. In the beginning the price at 311 GBp. Maximum 385, minimum 3. The averaged price 268. Glencore share price at the end of the month 374, the change for August 20.3%. Glencore share forecast for September 2021. In the beginning the price at 374 GBp. Maximum 412, minimum 356. The averaged price 386. Glencore share price at the end of the month 400, the change for September 7.0%. Glencore share price forecast for October 2021. In the beginning the price at 400 GBp. Maximum 400, minimum 364. The averaged price 385. Glencore share price at the end of the month 375, the change for October -6.3%. NatWest Share Price Forecast 2021, 2022. FTSE 100 Forecast 2021, 2022. Glencore share forecast for November 2021. In the beginning the price at 375 GBp. Maximum 413, minimum 375. The averaged price 391. Glencore share price at the end of the month 401, the change for November 6.9%.
04/8/2021
06:21
gxgxx: CITY INDEX ARTICLE hxxps://www.cityindex.co.uk/market-analysis/where-next-for-glencore-shares-ahead-of-its-interim-results/ Glencore H1 preview: where next for Glencore shares? Joshua Warner August 3, 2021 11:12 AM Miners like Rio Tinto and Anglo American have dished-out billions to shareholders after posting bumper profits in the first half as commodity prices push higher and the global economy recovers – will Glencore follow when it releases earnings later this week? Share: Commodities 12 When will Glencore release H1 results? Glencore will release interim results on the morning of Thursday August 5. Glencore H1 earnings preview: what to expect from the results Glencore has already released production numbers for the first half, revealing output of its key commodities increased, including copper and zinc, while production of lead, nickel and coal declined due to a range of factors. The raised output of its key metals will have allowed Glencore to capitalise on the significant improvement in prices. Average copper prices jumped to $9,370 per tonne in the first half of 2021 from $5,269 the year before when the pandemic started to weigh on demand, while zinc prices averaged $2,831 compared to just $5,269 last year. Still, investors were disappointed as Glencore tweaked its targets for the rest of the year, cutting output expectations for zinc and nickel due to a slower than anticipated ramp-up of its new Zhairem mine in Kazakhstan and for coal because of weaker domestic demand for its South African operations and supply-driven reductions in output in Australia. However, a key differential for Glencore is its Marketing business that trades its own commodities and those produced by other miners from around the world. The unit has proven its ability to generate earnings through the commodity cycle, unlike its Industrial mining operations that sees its performance ebb-and-flow with prices. Glencore raised the bar for its Marketing division last month, stating it now expects to hit the top end of its wide $2.2 billion to $3.2 billion Ebit target range in 2021 as it capitalises on improving prices driven by the global economic recovery and government stimulus programmes. That would be largely in-line with the record $3.3 billion Ebit delivered by the unit last year. Higher production coupled with the strong delivery from its Marketing arm means analysts are expecting Glencore’s overall performance to improve significantly in the first half. The consensus estimates the company will report a net profit of $3.14 billion compared to the $2.60 billion loss booked last year. Adjusted Ebitda is expected to rise to $8.40 billion from $4.83 billion and EPS is set to be around $0.23 compared to a $0.20 loss the year before. The dividend will be closely watched after payouts were reinstated at the end of 2020. Glencore temporarily suspended dividends when the pandemic hit in order to prioritise reducing debt, but swiftly hit its target and distributed $0.12 to shareholders at the end of the year. Its London-listed peers have sprayed investors with cash after strong market demand and a recovery in prices delivered bumper earnings. Rio Tinto more than doubled its interim dividend to $3.76 from $1.55 and supplemented that with a special one-off payout worth $1.85, returning over $9 billion to shareholders in total. Meanwhile, Anglo American hiked its interim dividend to $1.71 from just $0.28 last year, worth $2.1 billion, complimented by a $0.80 special payout worth $1 billion and a share buyback worth another $1 billion. Glencore shares have made a stellar recovery since hitting pandemic-induced lows in March 2020, having risen over 175%. Still, brokers remain bullish on Glencore as the global recovery continues. The 20 brokers that cover the stock currently have an average Buy rating and a target price of 370.68p, implying there is over 12% potential upside to the current share price. Where next for the Glencore share price? After rising steadily earlier in the year, the Glencore share price has been consolidating across the past three months. The Glencore share price has traded a relatively tight ranger, capped ion the upside by 340p and on the lower side by 290p. Glencore currently trades towards the upper end of this range, pushing back above its 50 dma last week. The MACD is also supportive of further upside. Buyers could look for a move above resistance at 340p to 360p 2019 high and towards 400p a level last seen in June 2018. Sellers might look for a move below 290p for a deeper selloff towards 270p the 200 dma and 230p the year to date low.
22/7/2021
07:26
gxgxx: The shares are being 'artificially' held down! Are we all waiting for some excellent 1/2 year statements and results? Possibly the announcement of an extra special dividend...? Something has to change! This article gives me some hope---- Are Glencore (GLEN.L) Shares a Good Investment Considering the Annual Profit Rose By 49.69% ? July 22, 2021 Glencore’s shares have been growing continuously throughout the year. Since November 2020, the shares have gone up. By the end of November, the share price was 237.65 GBP. A month later, the shares rose to 276.50 GBP. By the beginning of February, the shares were worth 300.15. From May to April, the cost was equal to 329.60 GBP. Today, the share price has increased by 3.95% and is trading at the price of 314.10 GBP. For the last quarter, GLNCY’s annual profit rose by 49.69%. This indicates an improvement in the sentiment of analysts and an improvement in the company’s profit forecasts. According to our latest data, the GLNCY exchange rate has increased by about 40.08% since the beginning of the year. Meanwhile, the profitability of the basic materials sector from the beginning of the year to the present has averaged 18.90%. This means that Glencore performs better than its sector in terms of profitability from the beginning of the year to the current date. Related: Marvel Discovery (MARV.V) Stock is Falling 10.71% On Over 350k Shares Glencore is one of 251 separate companies in the basic materials sector. Looking more specifically, GLNCY refers to the mining and various industries, which includes 47 separate shares and currently ranks 173rd in the Zacks Industry rating. On average, this group has gained an average of 33.73% this year, which means that GLNCY performs better in terms of profitability from the beginning of the year to the current date.
19/5/2021
16:34
norfolk enchance: You can't compare glen share price movement with poly
24/2/2021
07:17
gxgxx: Very good article....... Glencore Gets an Upgrade from JPMorgan Because It’s Heavily Exposed to Commodity Prices Mining and commodities trading giant Glencore has been upgraded to overweight by JPMorgan, partly due to its exposure to base metals and copper prices, which have rallied in recent weeks. Copper futures rose above $4 a pound on Friday for the first time since September 2011, moving higher again on Monday above $4.12 amid hopes of the global economic recovery gathering pace. Nickel and aluminum prices have also hit multiyear highs. Glencore has the highest exposure to base metals and copper, around 40% of earnings before interest, taxes, depreciation, and amortization (Ebitda), of all the U.K. diversified miners, JPMorgan analysts said. They added that higher commodity prices in 2021 will have a “transformative impact” on Glencore’s earnings and cash flow. They estimated Ebitda of $17.9 billion in 2021 and $18.2 billion in 2022, compared with $11.6 billion in both 2019 and 2020. The company posted a net loss of $1.9 billion in 2020 after writing off assets worth $5.9 billion, but reinstated its dividend as net debt fell 10% driven by higher commodity prices in the second half of the year. JPMorgan said it had greater confidence in the company’s outlook after the recent results, improving operational stability and new guidance. Read:These Miners Are a Buy Because the Copper Market Can’t Keep Up With Demand Glencore is more exposed than its peers when it comes to rising prices. A 10% rise in all commodity prices in unison leads to a 43% increase in the miner’s estimated annual earnings per share (EPS). In comparison a 10% change in all commodities has a 15% impact on Rio Tinto and BHP’s EPS and a 20% impact on Anglo American’s , JPMorgan noted. Miners in the Europe, the Middle East and Africa region are cheap and “high-yielding reflation proxies,” the investment bank’s analysts said. They added that mining stocks are positively correlated to rising bond yields, noting that JPMorgan economists have raised their 10-year U.S. Treasury yield forecast to 1.65% by the fourth quarter of this year. Expected earnings for EMEA miners are set to surpass the “Supercycle peaks” of 2011/12, they said. Read:Stocks Slump as Bond Yields Rise Glencore still has higher regulatory and environmental, social, and governance risks than BHP, Rio Tinto and Anglo American, the analysts admitted, most notably ongoing investigations by the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission. But improving operational outlook and “surging earnings momentum” created a low bar for a price target of £3.50, compared with Monday’s price of £3.03—even with JPMorgan’s “conservative” commodity price forecasts, they said. Glencore’s investment case was more intrinsically linked to its leverage than peers, they said, due to the debt-funding requirements of its marketing activities. “At current commodity prices we estimate net debt will fall to the bottom end of management’s $10 billion to $16 billion target range in 2021, which unlocks capital headroom,” they said. Despite the upgrade and the target price increase, JPMorgan said a resolution to the company’s regulatory issues was likely required to “fully revitalize” the investment case for global investors.
10/11/2020
08:05
sarkasm: Investomania Will the HSBC, Glencore and Centrica share prices make gains after their declines? Could HSBC Holdings plc (LON:HSBA) (HSBA.L), Glencore PLC (LON:GLEN) (GLEN.L) and Centrica PLC (LON:CNA) (CNA.L) post improving share price performances? November 10, 2020 Robert Stephens, The HSBC Holdings plc (LON:HSBA) (HSBA.L), Glencore PLC (LON:GLEN) (GLEN.L) and Centrica PLC (LON:CNA) (CNA.L) share prices have experienced difficult periods this year. Could they produce improving performances in the long run? In my opinion, the HSBC share price has long-term turnaround potential. I think the company is making the right moves in terms of seeking to reduce costs at a time when it is experiencing an exceptional set of trading conditions. Sure, low interest rates and a difficult economic outlook in many of its main markets may weigh on its near-term share price prospects. However, I think that its 37% share price fall since the start of the year suggests that investors have accounted for this to some extent. I also believe that HSBC’s exposure to Asia may be of benefit to it in future. It could experience a higher rate of growth than its UK and European focused sector peers. This may improve its capacity to recover from recent declines in its valuation. I’m also upbeat about the long-term outlook for the Glencore share price. To my mind, the company has delivered a sound operational performance during unexpectedly difficult conditions in 2020. Most of its assets have continued to operate in spite of lockdowns being present in many regions this year. In the short run, investor sentiment could continue to be weak because of a difficult global economic outlook. This may reduce demand for commodity-related companies such as Glencore that are more reliant on the global economic outlook than some of their FTSE 100 peers. However, the company’s decision to postpone dividend payments, the capacity of its marketing division to provide growth in a variety of market settings and its strategy to embrace a low-carbon global economy mean that I’m optimistic about its potential to reverse share price declines experienced in 2020. Volatility may continue to be high, but I feel that it can produce relatively sound returns in the long run from its current price level. The Centrica share price has disappointed for a number of years. To my mind, the company has struggled to deliver on its revised strategy. This may have contributed to weakening investor sentiment that has caused the company to underperform the FTSE 100 by 80% over the past five years. The FTSE 100’s decline this year means that I believe there are a number of stocks that offer good value for money at the moment on a long-term basis. Therefore, for me, the Centrica share price does not have a large amount of appeal just now. I would rather wait for the business to start delivering more resilient operational and financial performance before becoming more bullish about its long-term prospects. Disclosure: the author has no position in any stocks mentioned.
06/7/2020
22:47
berber1: What you have to bear in Mind that in 2019 GLEN share price reached 340p. Three months ago it was at 240p. The world is opening up again very fast, time to buy or you will be left behind. there 305 to 100%% possible rise. GLA
05/7/2020
12:20
sarkasm: Tempted by the Glencore share price? Here’s what I think you need to know Rupert Hargreaves | Sunday, 5th July, 2020 | Since the beginning of the year, the Glencore (LSE: GLEN) share price has dropped more than 29%. After this decline, the stock looks cheap compared to its historical pricing. However, like so many other businesses, Glencore has been severely impacted by the coronavirus crisis. The company is facing several other significant headwinds as well. Glencore share price concerns Glencore is the world’s biggest commodities trader. It shifts millions of tonnes of metals, minerals and oil across the globe. This gives the company a relatively defensive nature. The world will always need commodities like oil and copper, and Glencore has the size and contacts required to procure and ship these resources at the lowest possible costs. But the business also operates in some grey legal areas, and the lawsuits are mounting up. The latest is a criminal investigation into the company over its failure to prevent alleged corruption in the Democratic Republic of Congo, where it mines copper and cobalt. The group is also being investigated by the Serious Fraud Office over “suspicions of bribery” in December 2019 These legal actions have had a meaningful negative impact on the Glencore share price. It doesn’t look as if these investigations will be resolved anytime soon either. If it is found guilty in any of these investigations, the company’s ability to do business in certain countries may be restricted. That could have an impact on profitability, which would lead to further selling of the Glencore share price. Global leader Still, even if the company is found guilty, the size of its operations should insulate it from the worst of the fallout. There are few, if any, other companies that have access to their same kind of trading infrastructure as Glencore. As such, now may be a good time for risk-tolerant investors to snap a share of this business at a low price. The company’s earnings might drop substantially this year, but they should recover in 2021, according to analysts. This depends on the global economic recovery. However, policymakers around the world are planning large infrastructure spending plans to get the global economy moving again after the coronavirus crisis. The Glencore share price could benefit significantly from these actions as the demand for its commodities increases. Also, the company has historically returned a significant amount of profits to investors with dividends or share buybacks. This may continue when the crisis is over. Management still owns a large percentage of the group’s outstanding shares. Shareholders should benefit from this in the long run. If you like the look of the Glencore share price but are worried about the company’s legal problems, it may be best to own the stock as part of a well-diversified portfolio. Doing so may enable you to benefit from any upside while minimising downside risk. The Motley Fool
19/6/2020
08:16
la forge: The Glencore share price is up 51% since the market crash. I think it’s a bargain buy. Matthew Dumigan | Friday, 19th June, 2020 | More on: GLEN View of a gold mine from above Image source: Getty Images. The 2020 stock market crash presented an ideal buying opportunity for investors looking to pick up a bargain or two. In the depths of the sell-off, the FTSE 100 index lost 32% of its value. On top of this, many quality UK shares were trading far below average historic valuations. That still remains the case for numerous companies listed in the index today and one that I think may have been largely overlooked is Glencore (LSE: GLEN). The Glencore share price The commodity trading and mining company saw its share price tumble by 52% in the depths of the market crash. Since then though, the shares have recovered much of their value. That said, it’s worth noting that the company’s valuation is still down by around 26%. Right off the bat, the shares appear to offer a wide safety margin. What’s more, they don’t appear overvalued relative to other miners in the index, with a forward P/E of 13.5. Since flotation on the London Stock Exchange in May 2011, the Glencore share price has had a bumpy ride. To illustrate, those who bought shares on day one would have lost 85% of their initial investment when the company’s valuation hit rock bottom on 15 January 2016. However, if you’d invested around that time, you’d currently be sitting on approximately 130% gains. Stable position In late April, Glencore released its first-quarter 2020 production update. The company reassuringly announced that most of its operations had not seen any material impact from the pandemic. However, government restrictions in Canada, South Africa, Colombia and Peru have caused some disruption. In the report, Glencore also highlighted the opportunities that have arisen for its marketing business as a result of the volatile and complex commodity trading environment. Success here has enabled the company to generate annualised earnings in line with its long-term guidance range. Positive future outlook Things look good moving forward too. At the beginning of the week, news surfaced of a deal struck between Tesla and Glencore for batteries. The agreement stipulates that the electric car manufacturing company will buy cobalt from the FTSE 100 miner for use in its new car plants. With Glencore being the largest industrial supplier of cobalt in the world, I think the long-term partnership could prove a catalyst for further growth in the company. Moreover, as the global economy recovers, I expect activity in the resources sector to swiftly return to pre-pandemic levels. If so, investor sentiment towards mining stocks is likely to improve, causing share prices to rise. In fact, analysts at Deutsche Bank have already hiked their price targets for numerous miners on the back of strong demand in China. Overall, given the company’s strong liquidity position and resilient business model, I think Glencore is more than capable of navigating the current challenges facing the sector. As such, now could be an ideal time to buy the shares at a reduced valuation and hold them for the long term. Motley Fool UK
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