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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
|
|
|---|---|---|---|---|---|
| -0.70 | -0.15% | 474.30 | 34,395,677 | 16:35:15 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 475.65 | 475.75 | 478.40 | 467.90 | 473.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Nonmetallic Mineral Pds, Nec | USD 217.83B | USD 4.28B | USD 0.3508 | 13.60 | 58.2B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:15 | UT | 7,979,393 | 474.30 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 09/4/2024 | 12:25 | ALNC |  IN THE KNOW: Bank of America sees gold at USD3,000; upgrades Fresnillo |
| 22/3/2024 | 06:49 | ALNC | IN BRIEF: Glencore Non-Executive Director Peter Coates to retire |
| 21/3/2024 | 07:00 | UK RNS | Glencore PLC Board Changes |
| 20/3/2024 | 09:54 | ALNC | Glencore "on track" to meet new Climate Action Transition Plan targets |
| 20/3/2024 | 08:43 | UK RNS | Glencore PLC Publication of 2nd Climate Action Transition Plan |
| 20/3/2024 | 08:41 | UK RNS | Glencore PLC Publication of 2023 Annual Report |
| 14/3/2024 | 10:24 | ALNC | PRESS: Hedge fund urges Glencore to move listing to Sydney - FT |
| 12/3/2024 | 12:00 | UKREG | Silver Institute Membership Continues to Grow |
| 21/2/2024 | 11:12 | UK RNS | Glencore PLC 2024 Distribution timetable |
| 21/2/2024 | 08:45 | ALNC | TOP NEWS: Glencore cuts dividend as profit slips amid metal price fall |
Glencore (GLEN) Share Charts1 Year Glencore Chart |
|
1 Month Glencore Chart |
Intraday Glencore Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/4/2024 | 17:46 | Glencore Xstrata | 10,753 |
| 18/10/2023 | 16:06 | Glencore International - A global player | 15,412 |
| 13/1/2023 | 09:08 | Glencore | 4 |
| 30/3/2022 | 20:45 | Glencore IPO onwards >> | 6 |
| 22/9/2016 | 18:38 | Analysts' View on Glencore (GLEN) | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:35:15 | 474.30 | 7,979,393 | 37,846,261.00 | UT |
| 15:30:02 | 475.65 | 2,693 | 12,809.25 | O |
| 15:29:59 | 475.58 | 36,000 | 171,207.36 | O |
| 15:29:59 | 475.65 | 1,105 | 5,255.93 | O |
| 15:29:58 | 475.65 | 2,424 | 11,529.76 | O |
| Top Posts |
|---|
Posted at 13/4/2024 06:28 by gxgxx Article from InternetGlencore 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 12/4/2024 12:20 by tuftymatt I agree, keep the faith here for a push to 500+That said it has been a pain trade, in terms of share price growth not the previous divi's, so each to their own as thats what makes a market. Good luck all 👍🏻 |
Posted at 01/4/2024 21:28 by zam1 FT article lots of Saudi UAE etc investment money going into Mining in African countries Once the EV industry takes off and EV are affordable minors will be in demand and prices for material are expected to go up long term so definitely worth investing for long term and hope Glen restores those big dividend, if it does not off load coal as recommended by its biggest stock holders there will be good profit coming in for good few years yet even if it not seen as popular move. Lots of positives I expect share price to move upwards.With new ISA allowance and extra British ISA expect an increased demand for minors. |
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.” |
Posted at 21/2/2024 07:17 by mhrangoon Glencore's Chief Executive Officer, Gary Nagle, commented:"Against the backdrop of a rebalancing and normalisation of international energy trade flows, our Marketing and Industrial segments posted a lower, albeit healthy, earnings performance in 2023, delivering Group Adjusted EBITDA of $17.1 billion, cash generated by operating activities of $15.1 billion and Net income attributable to equity holders of $4.3 billion."Aided by healthy operational cash generation, after funding $5.6 billion of net capex and $10.1 billion of shareholder returns, the 2023 year-end Net debt outturn was contained to $4.9 billion vs $0.1 billion in 2022. With a Net debt/Adjusted EBITDA of 0.29x, we continue to enjoy significant financial headroom and strength."For 2024, basis 2023 cash flows, we are recommending to shareholders a $0.13 per share (c.$1.6 billion) base cash distribution, comprising $1 billion from Marketing cash flows and 25% ($0.6 billion) of Industrial attributable cash flows.This distribution, along our shareholder return journey, must be contextualised by the significant announcement in November 2023 that we had entered into a binding agreement with Teck Resources Limited (Teck) to acquire a 77% effective interest in its steelmaking coal business, Elk Valley Resources (EVR) for $6.93 billion in cash. These are world-class assets, expected to meaningfully complement our existing thermal and steelmaking coal production in Australia, Colombia, and South Africa. EVR also supports the transition as an input into steel production needed for certain renewable energy infrastructure. The transaction is subject to mandatory regulatory approvals and, while closing could occur earlier, it is expected no later than Q3 2024. The acquisition of EVR unlocks the potential, subject to shareholder approval, for a value accretive demerger of our combined coal and carbon steel materials business and, in support thereof, we advised that Glencore could demerge the combined company, only once Glencore had sufficiently delevered towards a revised $5 billion Net debt cap, expected to occur within 24 months from close.Over the past few years, our capital structure and credit profile has been managed around a $10 billion Net debt cap, with sustainable deleveraging (after base distribution) below the cap periodically returned to shareholders via special distributions and buybacks. Under this framework, we announced $20.3 billion of shareholder returns since 2020, comprising $10 billion of base distributions and $10.3 billion of "top-up" returns. Following the EVR announcement, we are now managing the balance sheet around a revised $5 billion Net Debt cap, alongside our continued commitment to minimum strong BBB/Baa ratings.Although there are no "top-up" returns at this point, the business is expected to be highly cash generative at current spot commodity prices (spot illustrative annualised free cash flow generation of c.$5.2 billion from Adjusted EBITDA of c.$15.0 billion), which augers well for top-up returns to recommence in the future."As the world moves towards a low-carbon economy, we remain focused on supporting the energy needs of today whilst investing in our transition commodities portfolio. During 2023, we acquired a 30% equity stake in Alunorte alongside a 45% equity stake in Mineracao Rio do Norte S.A., securing low carbon and cost alumina units for our Marketing business. In copper, we acquired the remaining 56.25% interest in the MARA brownfield copper project in Argentina that we did not already own, as well as the balance of Polymet shares (c.18%). Polymet formed a 50:50 JV with Teck, establishing the New Range Copper Nickel venture in Minnesota. These additions, along with a near doubling of El Pachon's resource, added more than 5 billion tonnes of resource to our copper resource inventory in 2023."While we continue to remain focused on operating safely, responsibly and ethically and creating sustainable long-term value for all our stakeholders, the strength of our diversified business model, across industrial and marketing, focusing on metals and energy, has again in 2023 proved itself adept in a range of market conditions."US$ million |
Posted at 09/2/2024 07:37 by backmarker One factor weighing on the share price may be the expectation of a lower dividend this year.I'm not sure if GLEN is regarded as an income stock but if so I can imagine that income funds may be reducing their holdings and rotating GLEN out. |
Posted at 29/1/2024 16:05 by kenmitch Here’s the site for accurate information on dividends:-The above link takes you to the Glencore page. If ADVFN block it just Google “dividend data,” and then enter GLEN in the box. The above site is updated immediately a dividend is announced. As you can see Glen paid 40p last year. It will probably be less this year but again as the above link shows, the current dividend yield is over 7% and more than twice covered. For dividend pay dates just click on the appropriate heading! Saves ALL these questions about the dividend! Another very obvious source are the Results updates from Glen which normally include information about the next dividend and sometimes dividend policy. |
Posted at 29/1/2024 13:58 by petersinthemarket Still don't understand how such a low yield can be justified, but FWIW I did find this:9 December, 2023: MotleyFool 2024 Forecast: ''Finally, we have Glencore, which is currently forecast to pay out 23.3 cents per share for 2024. That equates to a yield of about 4.1% at today’s share price and exchange rate – the lowest of the three commodity companies. [BHP, GLEN, RIO] Earnings are expected to come in at 50 cents, giving a dividend coverage ratio of about two, which is healthy. Now, one thing to understand about Glencore is that it’s both a miner and a commodity trader. So there’s an extra layer of risk here. Not only do investors face traditional mining risks (eg lower commodity prices, operational setbacks, etc) but they also face trading risk. If the company was to rack up a stack of losses from trading, investors could lose out.'' I hold for yield and expect a more acceptable outcome. |
Posted at 04/1/2024 22:49 by uncertain times Breaking news on the GLEN share price. It is going to go up, down or trend sideways and you heard it here first. |
Posted at 14/11/2023 10:54 by sundial1 Glencore has set the clock-ticking on a break -up of its giant commodities business after clinching a $9bn deal for the coal division of Canada's Teck resourcesThe Swiss mining and trading house on Tuesday said it planned to merge Teck's steel making coal assets before spinning off the combined unit within two years of completing the acquisition Such a demerger would create separate Glencore coal and metals companies which the company says will create more value for shareholders of both businesses The coal deal marks the end of Glencore's long and fractious pursuit of Teck ,which began in April when it made an unsolicited $23bn bid for the whole of the company The decision to return for the coal business underlines Glencore chief executive executive Gary Nagle's conviction that the heavily polluting fossil fuel still has a significant role to play in meeting the world's energy and infrastructure needs Glencore has agreed to pay $6.9bn in cash for a 77 per cent stake in Teck's industry . Glencore reiterated it intends to demerge the combined business within 24 months of the Teck deal closing Following the spin-off which would have to be approved by the share holders Glencore intends to list the enlarged coal business in New York with secondary listings in Toronto and johannesburg . The investors in the us are very eager to buy this cash-yielding company and we believe we would get a better valulation for the business in New York than we would in London Glencore's vast metals operations would remain in London.it is not clear where Glencore's profitable energy trading division would sit he added. |
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