Glencore Share Price (GLEN)

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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
  -18.75 -4.21% 426.35 71,842,893 16:35:13
Bid Price Offer Price High Price Low Price Open Price
424.85 424.95 445.30 409.75 437.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 150,668.30 5,453.61 28.10 13.6 56,125
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:04 O 375,000 426.766 GBX
Related Shares
Rio Tinto (RIO), Bhp (BHP), Shefa Gems (SEFA), African Battery Metals (ABM)

Glencore (GLEN) Latest News (2)

Glencore News

Date Time Source Headline
01/7/202212:15UKREGGlencore PLC Total Voting Rights
01/7/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
30/6/202214:17UKREGGlencore PLC Glencore publishes Payments to Governmt. Rep. 2021
30/6/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
29/6/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
28/6/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
27/6/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
24/6/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
23/6/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
22/6/202207:00UKREGGlencore PLC TRANSACTIONS IN OWN SHARES
More Glencore News
Glencore Investors    Glencore Takeover Rumours
Smart Money!
GLEN is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 JUPITER UK GROWTH INVESTMENT TRUST PLC 3.80% 2022-07-01
 JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC 3.90% 2022-05-31

Glencore (GLEN) Discussions and Chat

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01/7/202216:43Glencore Xstrata4,113
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Glencore (GLEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-01 17:45:05426.77375,0001,600,372.50O
2022-07-01 17:28:29419.724,370,20018,342,603.44O
2022-07-01 17:19:37420.88361,7261,522,421.54O
2022-07-01 17:13:03423.96154,216653,817.24O
2022-07-01 17:09:46428.287,74633,174.80O
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Glencore (GLEN) Top Chat Posts

DateSubject
01/7/2022
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 445.10p.
Glencore Plc has a 4 week average price of 409.75p and a 12 week average price of 409.75p.
The 1 year high share price is 548.30p while the 1 year low share price is currently 291p.
There are currently 13,163,987,056 shares in issue and the average daily traded volume is 49,041,988 shares. The market capitalisation of Glencore Plc is £56,124,658,813.26.
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17/6/2022
07:52		waldron: Norfolk Enchance 17 Jun '22 - 07:51 - 3984 of 3984 0 0 0 Https://www.bloomberg.com/news/articles/2022-06-17/glencore-trading-profit-is-on-course-to-smash-through-its-record Glencore Trading Profit Is on Course to Smash Through Record Company says first-half trading profit will top $3.2 billion Glencore says coal costs have risen along with prices Glencore Plc’s first half-profit from trading commodities will be bigger than it typically reports for an entire year, putting it on course for a record 2022 as the resources giant cashes in on soaring prices and volatility. The commodity trading industry is enjoying its most profitable period ever, as Russia’s invasion of Ukraine sparks wild swings in markets that were already at or near record highs even before the war started, creating opportunities for the traders who transport the world’s resources. Glencore expects trading profit in the first half to exceed $3.2 billion, the company said. That compares with record profit of $3.7 billion it delivered in the whole of last year and puts it well ahead of a long-term annual guidance range of $2.2 billion to $3.2 billion. “Our marketing segment’s financial performance has continued to be supported by periods of heightened to extreme levels of market volatility, supply disruption and tight physical market conditions, particularly relating to global energy markets,” Glencore said in a statement Friday. However, the company conditions will be closer to normal in the second half of the year. Glencore Set to Smash Trading Record The commodity giant has been one of the biggest winners from the global energy crunch and from the surge in prices driven by Russia’s invasion of Ukraine. The company is expected to report a bigger full-year profit than mining giant Rio Tinto Group, according to analyst consensus estimates compiled by Bloomberg. Glencore’s update also included details on its coal business, which has become one of its biggest earners after prices spiked. However, the company cautioned the volatility across markets resulted in its average coal sale price showing a bigger discount to the benchmark, while costs rose sharply in the first half as royalties and energy costs increased. Glencore says it now expects the cost per ton to be as much as $78 from its earlier forecast of $59.3 a ton. Rising costs have hit the entire industry, as the biggest miners grapple with inflationary pressure, especially on labor and power costs. Miners including Anglo American Plc and Freeport-McMoRan Inc. have previously forecast steep cost rises for the year. The volatile markets have helped boost earnings for commodities traders. Trafigura Group posted record first-half profit last week. (Updates with coal business details from sixth paragraph)
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30/5/2022
16:14		the initiate: One thing that the Initiate, would like to know is, how many of, the Mines that Glencore operates at, does Glencore actually, own, out- right? Similarly, if they do actually, own some of, them, what is, the likely true realisable asset value, of those Mines? One means, other than, their tentative,Lease-hold rights value. One has not been able to find it stated, in the Accounts The likely true realisable, asset value,of their Plant and Machinery, could be worth say: 5Bn and of course the gold: diamonds: copper,and other minerals in stock, at the time, has substantial asset value? GLEN appears to be, carrying an historic 6Bn debt; so should it come to an very unlikely crunch, what would, Glen`s bottom line asset value, be? As one has postulated elsewhere, this is probably the main reason, why, the the big investors, in the MINERS, are inordinately so twitchy, and, causes the share price to be, so volatile? One therefore: invites a contributor, to inform us, as to the fundamental nett value, of the innately secretive, Glencore? Do the contributors, consider the pertaining, share price / asset value to be nearer £7.70, as, Barclays have now stated? Many thanks in anticipation, The Initiate. Whilst on the subject of volatility, that provides our opportunities to make substantial capital gains, one offers, the reasoned updated highs and lows:- 4.44 5.95 5.36 { 6.17 ( 28 Sept. Xd.)} 5.55 {5.90 Pro figs. 28 Oct.)} 5.55 6.17
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20/5/2022
13:35		saltraider: Share price is closely tracking AAL with a slight lag and has been for the last several days. AAL also back on the way up but slightly ahead. Day traders and/or bots??? Agree Glencore share price movement is very strange but it is not alone.
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20/4/2022
21:05		grupo guitarlumber: Diversified mining company Glencore PLC declared force majeure on its shipments of cobalt hydroxide with heavy flooding in Durban halting exports from the South African port. Glencore, which is the world's largest producer of cobalt hydroxide--the chemical which is then processed to be used in batteries and other metallurgical goods--suspended its cobalt operations on Tuesday with flooding in the KwaZulu Natal province affecting logistics, according to those with knowledge of the matter. Durban acts as Glencore's main port for exports of cobalt hydroxide, with the company's mining activity taking place in the Democratic Republic of the Congo. The company produced 31,300 tons of cobalt in 2021, and was forecasting output of roughly 48,000 tons in 2022. Glencore declined to comment to Dow Jones Newswires on the matter. Traders of the metal in Europe said prices had not yet reacted to the news with prices already having pushed to very high levels following the Ukrainian conflict. "It's creating tightness in an already tight market but not affecting the metal directly," a cobalt trader told Dow Jones Newswires in a call. A different trader indicated that delays of more than two months between Durban and China have already been seen, meaning the current flooding issues are likely to add further strain, with shipments not expected until at least "July and August." Prices over the last month have been fairly flat, according to price reporting agency Fastmarkets. In the firm's most recent price assessment on April 14 prices stood at an average of $33.69 a pound when being delivered to China including freight costs, while the month to date average stood at $33.60 a pound. Downstream demand of cobalt has been under pressure in recent weeks with China's lockdowns affecting consumption of goods like electric vehicles. Traders have been speculating whether demand will bounce back in the region immediately following the lockdowns or if economic pessimism on inflation worries will dampen consumer spending. Write to Yusuf Khan at yusuf.khan@wsj.com (END) Dow Jones Newswires April 20, 2022 13:35 ET (17:35 GMT)
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13/3/2022
14:23		gxgxx: Interesting but I think £6 will come quickly and be surpassed!.........................Motley Fool....Commodities chaos: Can the Glencore share price hit 600p? Charlie Carman Russia’s invasion of Ukraine is a tragedy and a cataclysm that has sparked chaos in global commodity markets. In recent days, nickel trading was suspended after prices doubled to over $100,000 per tonne, oil soared to $130 per barrel and wheat prices spiked to record-breaking levels. FTSE 100 commodities giant Glencore (LSE: GLEN) seems well-positioned to capitalise on this. Yesterday, Goldman Sachs lifted its price target for Glencore stock to 600p. So, how high can the Glencore share price go? Let’s explore. Glencore shares reach 52-week highs The Glencore share price rocketed by 21% over the past month (it’s also up nearly 50% in five years) and currently trades at 511p. The Anglo-Swiss conglomerate is one of the world’s largest commodity businesses, spanning the precious metals and energy markets, with around 150 mining, metallurgical, and oil production assets to its name. Some economists are heralding the arrival of a commodities bull market and in February, Glencore reported record earnings of $21.32bn and net profits of $4.97bn for 2021. With this in mind, I’ll examine Glencore’s exposure to different commodities and what I think this means for the Glencore share price. Metals Glencore’s metals business is primarily focussed on copper, cobalt, zinc, nickel and ferroalloys. It’s a different investment prospect to beaten-up gold mining stocks with significant Russian operations, such as Polymetal International and Petropavlovsk. Glencore can benefit from rising demand for electric vehicles, which rely on nickel and cobalt as materials for battery production. These metals saw price increases of 161% and 57% respectively from last year. At current prices, nickel would comprise 12% of Glencore’s EBITDA. However, reports that Beijing is mulling a rescue deal for Tsingshan Holding Group, the company behind nickel’s big short, could send prices tumbling. Although Glencore is diversified across different metals, it’s not just nickel that has experienced extreme volatility in recent weeks. I expect further volatility ahead in metals markets and, by extension, in the Glencore share price. Energy Glencore’s energy business is centred on coal production and marketing crude oil and natural gas. Coal prices recently hit a 200-year high. Oil and gas have made similar although less dramatic gains. North America and Europe are keen to transition away from fossil fuels to green energy sources. This may dampen the long-term case for Glencore shares. However, demand for these commodities remains strong in Asia, with China, India and Japan making up the largest coal importers. I believe headwinds for the Glencore share price from government climate policies will likely take a long time to materialise. Wheat Russia and Ukraine collectively account for nearly 30% of global wheat exports. Glencore is one of the world’s largest wheat traders. Although the stunning rally in wheat prices has boosted Glencore stock, the company recently condemned Russian military action in Ukraine and announced a review of its activities in Russia. The longer-term consequences of the war for Glencore’s wheat trading business are far from certain. Where next for the Glencore share price? Predicting Vladimir Putin’s next move in Ukraine is difficult, but geopolitical stability seems unlikely to arrive soon. For me, this creates bullish conditions for commodities and Glencore stock is a good buy for me at its current price, despite reaching new highs. I believe the Glencore share price may carve a path to 600p in the months ahead, although it may be a bumpy ride.
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08/3/2022
14:13		grupo: Ukraine war: Why nickel's spectacular surge could put the brakes on carmakers' electric plans The London Metal Exchange suspended trading in its benchmark three-month nickel contract after the commodity became the latest to hit dizzying new heights as a result of Russia's invasion. Ian King sky Business presenter @iankingsky Tuesday 8 March 2022 13:54, UK Russia is the world's third biggest producer of nickel Sky News While many people - consumers and investors - focus on the impact on energy prices from Vladimir Putin's invasion of Ukraine, the reaction has been just as violent in the prices of many other commodities. The price of copper, just about the most important industrial metal hit an all-time high of $10,070 per tonne on the London Metal Exchange on Monday, while aluminium, another metal with wide industrial applications, also touched a record high. Zinc, another widely-used metal, is also close to a record high. No commodity, though, has moved as spectacularly as nickel. The metal, which with its very high melting point has a wide range of applications including stainless steel, coins, wires, gas turbines and coatings, more than doubled in price today - obliging the London Metal Exchange to suspend trading in its benchmark three-month nickel contract. Nickel, which at one point on Monday surged to a new record of $54,880 per tonne, climbed to a new peak of $101,365 before slipping back to $80,000 per tonne. That is still four times the price at the beginning of the year. Ukraine It prompted the LME to step in, citing "further unprecedented overnight increases" in the three-month nickel price, which it said had evidently been effected by "the evolving situation in Russia and Ukraine". Russia is the world's third biggest producer of nickel, after Indonesia and the Philippines, accounting for just under 10% of global production on its own. Nornickel provides nearly all of Russia's high-grade nickel supplies The exchange added: "It is evident that this has affected the nickel market in particular, and given price moves in Asian hours this morning, the LME has taken this decision on orderly market grounds. "The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible. "The LME will give consideration to a possible multi-day closure, given the geopolitical situation which underlies recent price moves. "In this context, the LME will also make arrangements to deal with upcoming deliveries." The volatility in nickel during the last 24 hours is thought to be the result of a so-called "short squeeze" - where investors who had been speculating on a fall in the price were caught out by the earlier increases and were forced into suddenly buying nickel in order to close their positions. Bloomberg reported today that the Chinese company Tsingshan Holding Group, the world's largest nickel and stainless steel producer, was on the wrong end of the trade. It said that Tsinghan's owner Xiang Guangda, an entrepreneur nicknamed "Big Shot", could be facing a potential $5bn hit. John Meyer, head of research at the corporate advisory firm share price Angel, said in a note to clients this morning: "Reports from February suggested a single mystery stockpiler had amassed over 50% of all LME nickel inventories representing around 43,000 tonnes worth around $3.7bn at $85,000/tonne. "Markets were already tight before Russia's invasion of Ukraine, with forecasts of a 100,000 tonne deficit in 2022." The fear, then, will be that the price of nickel remains at elevated levels. This is because, deprived of Russian supplies, buyers will have to source their nickel from elsewhere. That threatens to have a profound impact on carmakers - which were already facing higher raw material and energy costs - and, in particular, on makers of electric vehicles. While Russia is not the biggest producer of nickel globally, it is the biggest supplier worldwide of high-grade nickel, a key component in the manufacture of batteries for electric vehicles. Nearly all of it is supplied by Norilsk Nickel, or Nornickel, which is Russia's largest metals and mining company. Nornickel, whose customers include Johnson Matthey, the FTSE-100 catalytic converter and sustainable technologies specialist, is estimated to account for up to 15% of global supplies of high-grade nickel. German carmakers such as Volkswagen are expected to face specific issues because of their particular exposure to Russia, which accounts for 44% of German nickel imports, a third of its iron and 18% of its palladium, a metal central to the production of catalytic converters and in which Nornickel is a major global supplier. VW has already had to suspend production at two German factories, including its key electric vehicle facility in Dresden, All the German carmakers are also major customers of Leoni, a Ukrainian company that is one of the biggest suppliers globally of wiring harnesses, which bundle up to three miles worth of cables in the typical modern car and which are a key part of its electrical system. VW has already warned that it can no longer obtain supplies from Ukraine and has had to suspend production at two German factories, including its most important electric vehicle facility in Dresden, putting more than 8,000 of its employees on furlough. The spike in nickel prices, therefore, is not just a crisis hitting one corner of the metals market. It also threatens to become a crisis engulfing those banks who have lent money to or acted as a broker to speculators caught on the wrong side of the trades. And, of course, it is a huge headache for carmakers already still struggling in some parts of the world to obtain microchips. It particularly threatens to hold up the manufacturing of electric vehicles and, by extension, the ability of European countries to hit their targets for the transition to net zero.
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15/2/2022
07:14		gxgxx: GLN – Short form: Preliminary Results 2021 GLENCORE PLC (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN ISIN: JE00B4T3BW64 Glencore LEI: 2138002658CPO9NBH955 NEWS RELEASE Baar, 15 February 2022 Preliminary Results 2021 Highlights Glencore’s Chief Executive Officer, Gary Nagle, commented: “In spite of the ongoing challenges of Covid-19, 2021 was an extraordinary year for Glencore, reflecting rising demand for our metals and energy products, record Adjusted EBITDA and the transition to new leadership. “Against the strong commodity backdrop, and leveraging the unique combination of our transition and energy commodities, along with the global reach and scale of our marketing business, the Group delivered an 84% increase in Adjusted EBITDA to $21.3 billion. Marketing delivered another robust performance, with Adjusted EBIT up by 11% to $3.7 billion, while multi-year or record high prices for many of our commodities, underpinned the 118% jump in Industrial Adjusted EBITDA to $17.1 billion. Net income attributable to equity holders was $5.0 billion. “The significant improvement in the Group’s financial results has driven Net debt down to $6.0 billion, allowing for today’s announcement of $4.0 billion of shareholder returns, comprising a recommended $3.4 billion ($0.26 per share) base distribution (in respect of 2021 cash flows), alongside a $550 million share new buyback (c.$0.04 per share) programme. “Looking forward, we remain focused on our strategy to enable and deliver decarbonisation and meet the increasing demand for everyday metals, while responsibly meeting the energy needs of today. We look to the future confident that we have the right pathway to succeed in a net zero economy and create sustainable long-term value for all stakeholders, while operating in a responsible manner across all aspects of our business” US$ million 2021 2020 Change % Key statement of income and cash flows highlights(1): Revenue 203,751 142,338 43 Adjusted EBITDA(*) 21,323 11,560 84 Adjusted EBIT(*) 14,495 4,416 228 Net income/(loss) attributable to equity holders 4,974 (1,903) n.m Earnings/(loss) per share (Basic) (US$) 0.38 (0.14) n.m Funds from operations (FFO)(*) 17,057 8,325 105 Cash generated by operating activities before working capital changes, interest and tax 16,725 8,568 95 US$ million 31.12.2021 31.12.2020 Change % Key financial position highlights: Total assets 127,510 118,000 8 Total equity 36,917 34,402 7 Net funding(2*) 30,837 35,428 (13) Net debt(2*) 6,042 15,844 (62) Ratios: FFO to Net debt(*) 282.3% 52.5% 437 Net debt to Adjusted EBITDA(2*) 0.28 1.37 (79) 1 Refer to basis of presentation on page 6. 2 Includes $857 million (2020: $652 million) of Marketing related lease liabilities. * Adjusted measures referred to as Alternative performance measures (APMs) which are not defined or specified under the requirements of International Financial Reporting Standards; refer to APMs section on page 109 for definitions and reconciliations and to note 2 of the financial statements for reconciliation of Adjusted EBIT/EBITDA. UPDATE ON INVESTIGATIONS As previously disclosed, Glencore is subject to a number of investigations by regulatory and enforcement authorities including the U.S. Department of Justice, the U.S. Commodity Futures Trading Commission, the UK Serious Fraud Office and the Brazilian Federal Prosecutor’s Office. Glencore has been cooperating extensively with the various authorities in order to resolve these investigations as expeditiously as possible. While Glencore cannot forecast with certainty the cost, extent, timing or terms of the outcomes of the investigations, the Company presently expects to resolve the U.S., UK and Brazilian investigations in 2022. Accordingly, and based on the Company’s current information and understanding, the Group has raised a provision as at 31 December 2021 in the amount of $1,500 million representing the Company’s current best estimate of the costs to resolve these investigations. The U.S. resolutions are expected to cover separate investigations into bribery and market manipulation. The resolution of the other investigations into the Group is not included within this provision and they remain ongoing. We will provide further updates on the investigations at the appropriate time. STRONG FINANCIAL PERFORMANCE – $21.3 billion Adjusted EBITDA, up 84% (y/y), underpinned by robust Marketing and Industrial results – Net income, pre-significant items: $9.1 billion, up 267% – Net income attributable to equity holders was $5.0 billion (loss of $1.9 billion in 2020). Significant items principally comprise the required accounting recycling to the income statement of Mopani’s non-controlling interests upon its disposal ($1.0 billion), impairment charges of $1.8 billion, mainly attributable to our Koniambo nickel operation and a $1.5 billion provision raised with respect to the regulatory investigations noted above. – Net cash purchase and sale of PP&E: $3.8 billion, down 3% – Shareholder returns of $4.0 billion announced, comprising a proposed $0.26/share ($3.4 billion) base distribution in respect of 2021 cash flows, alongside a new $550 million share buyback program RECORD INDUSTRIAL ASSET ADJUSTED EBITDA CONTRIBUTION – Industrial Assets Adjusted EBITDA $17.1 billion, up 118%, underpinned by significantly higher commodity prices with many reaching record or multi-year highs, amid widespread supply/demand deficits – Metals $12.0 billion (+65%), Energy $5.6 billion (+439%); balance is Corporate and other – Unit cost results: Cu 67¢/lb (-27¢/lb y/y); Zn -4¢/lb (+3¢/lb y/y); Ni 454¢/lb (+78¢/lb y/y); coal $52.90/t ($50.6/t margin) HIGHER AND BROAD-BASED MARKETING RESULTS – Marketing revenues $182 billion, up 46% y/y – Marketing Adjusted EBIT $3.7 billion, up 11% y/y – Energy Adjusted EBIT: $1.4 billion (-21%), as a strong 2021 coal result limited the net overall reduction, given oil’s lower contribution relative to the prior year, wherein it capitalised on the exceptional market conditions – Metals Adjusted EBIT: $2.5 billion (+50%), as all key markets exhibited strong demand, supply constraints and inventory drawdowns – Viterra agricultural business contributed $473 million (2020: $211 million) share of net earnings HEALTHY BALANCE SHEET – Net debt being managed around a $10 billion cap, with sustainable deleveraging (after base distribution) below such cap periodically returned to shareholders via special distributions / buybacks, as appropriate. – Year-end Net debt of $6.0 billion allows for $4.0 billion of shareholder returns – Robust cash flow coverage ratios: FFO to Net debt of 282.3% and Net debt to Adjusted EBITDA of 0.28x – RMI of $24.8 billion, up $5.2 billion, due to the significantly higher commodity prices – Available committed liquidity of $10.3 billion; bond maturities capped at c.$3 billion in any given year – Spot illustrative annualized free cash flow generation of c.$14.1 billion from Adjusted EBITDA of c.$26.5 billion MINING SECTOR-LEADING CLIMATE STRATEGY – Committed in 2021 to more aggressive total emissions reductions with a new short-term target of a 15% reduction by 2026, and a 10% increase in our medium-term target to a 50% reduction by 2035. Net zero ambition by 2050 – Responsible decline of our coal portfolio will help meet critical regional energy needs and affordability as decarbonisation pathways will be non-linear across time and geography – Progress on our Climate Action Transition Plan will be put to shareholders for an advisory vote at the AGM in late April 2022 To view the full report please click hxxps://www.glencore.com/dam/jcr:4d0dff31-868e-4cbb-8813-e06c1955fd71/GLEN-2021- Preliminary-Results.pdf To view the full report on the Johannesburg Stock Exchange portal please click here: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/GLN/2021-PRes.pdf For further information please contact: Investors Martin Fewings t: +41 41 709 2880 m: +41 79 737 5642 martin.fewings@glencore.com Media Charles Watenphul t: +41 41 709 2462 m: +41 79 904 3320 charles.watenphul@glencore.com www.glencore.com This announcement contains inside information. Notes for Editors Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. The Group’s operations comprise around 150 mining and metallurgical sites and oil production assets. With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore’s industrial activities are supported by a global network of more than 30 marketing offices. Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore’s companies employ around 135,000 people, including contractors. Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. Our ambition is to be a net zero total emissions company by 2050. Important notice concerning this document including forward looking statements This document contains statements that are, or may be deemed to be, “forward looking statements” which are prospective in nature. These forward looking statements may be identified by the use of forward looking terminology, or the negative thereof such as “outlook”, ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘continues’, ‘assumes’, ‘is subject to’, ‘budget’, ‘scheduled’, ‘estimates’, ‘aims’, ‘forecasts’, ‘risks’, ‘intends’, ‘positioned’, ‘predicts’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words or comparable terminology and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, “shall”, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Forward-looking statements are not based on historical facts, but rather on current predictions, expectations, beliefs, opinions, plans, objectives, goals, intentions and projections about future events, results of operations, prospects, financial condition and discussions of strategy. By their nature, forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond Glencore’s control. Forward looking statements are not guarantees of future performance and may and often do differ materially from actual results. Important factors that could cause these uncertainties include, but are not limited to, those disclosed in the last published annual report and half-year report, both of which are freely available on Glencore’s website. For example, our future revenues from our assets, projects or mines will be based, in part, on the market price of the commodity products produced, which may vary significantly from current levels. These may materially affect the timing and feasibility of particular developments. Other factors include (without limitation) the ability to produce and transport products profitably, demand for our products, changes to the assumptions regarding the recoverable value of our tangible and intangible assets, the effect of foreign currency exchange rates on market prices and operating costs, and actions by governmental authorities, such as changes in taxation or regulation, and political uncertainty. Neither Glencore nor any of its associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this document will actually occur. You are cautioned not to place undue reliance on these forward-looking statements which only speak as of the date of this document. Except as required by applicable regulations or by law, Glencore is not under any obligation and Glencore and its affiliates expressly disclaim any intention, obligation or undertaking, to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. This document shall not, under any circumstances, create any implication that there has been no change in the business or affairs of Glencore since the date of this document or that the information contained herein is correct as at any time subsequent to its date. No statement in this document is intended as a profit forecast or a profit estimate and past performance cannot be relied on as a guide to future performance. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities. The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
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08/2/2022
13:23		gxgxx: Glencore (LON:GLEN) Sets New 1-Year High Following Analyst Upgrade Share Tuesday, February 8, 2022 | MarketBeat Glencore logoGlencore plc (LON:GLEN) hit a new 52-week high during mid-day trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 470 to GBX 480. JPMorgan Chase & Co. currently has an overweight rating on the stock. Glencore traded as high as GBX 423.35 ($5.72) and last traded at GBX 421.85 ($5.70), with a volume of 8942791 shares changing hands. The stock had previously closed at GBX 407.80 ($5.51). A number of other analysts have also weighed in on the stock. Citigroup reissued a "buy" rating and issued a GBX 470 ($6.36) price objective on shares of Glencore in a research report on Friday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 450 ($6.09) price target on shares of Glencore in a research note on Thursday, February 3rd. Morgan Stanley reissued an "overweight" rating and issued a GBX 448 ($6.06) price objective on shares of Glencore in a research note on Wednesday, January 5th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Glencore in a research report on Thursday, February 3rd. Finally, Barclays reiterated an "overweight" rating and issued a GBX 470 ($6.36) target price on shares of Glencore in a report on Wednesday, February 2nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Glencore currently has an average rating of "Buy" and a consensus price target of GBX 449.13 ($6.07). The stock has a market capitalization of £55.64 billion and a price-to-earnings ratio of 37.07. The firm has a fifty day moving average of GBX 383.59 and a 200 day moving average of GBX 358.17. The company has a debt-to-equity ratio of 100.60, a current ratio of 1.08 and a quick ratio of 0.32.
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15/12/2021
07:05		gxgxx: Glencore (LON:GLEN)'s stock had its "buy" rating reiterated by analysts at Liberum Capital in a report issued on Tuesday, Analyst Ratings Network reports. They presently have a GBX 425 ($5.62) target price on the natural resources company's stock. Liberum Capital's price objective would suggest a potential upside of 16.44% from the company's previous close. GLEN has been the topic of a number of other research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 450 ($5.95) price objective on shares of Glencore in a research report on Monday, November 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 440 ($5.81) price target on shares of Glencore in a report on Friday, December 3rd. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 420 ($5.55) price objective on shares of Glencore in a report on Friday, December 3rd. Citigroup reaffirmed a "buy" rating and issued a GBX 470 ($6.21) target price on shares of Glencore in a research note on Friday, December 3rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a GBX 430 ($5.68) price target on shares of Glencore in a research note on Thursday, November 25th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of GBX 432.50 ($5.72). Glencore stock opened at GBX 365 ($4.82) on Tuesday. Glencore has a 1-year low of GBX 229 ($3.03) and a 1-year high of GBX 420.03 ($5.55). The company has a current ratio of 1.08, a quick ratio of 0.32 and a debt-to-equity ratio of 100.60. The firm has a market capitalization of £48.25 billion and a PE ratio of 32.33. The firm's 50 day simple moving average is GBX 365.45 and its 200 day simple moving average is GBX 559.20.
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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.
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