Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -1.30 -0.24% 548.20 46,267,050 16:35:06
Bid Price Offer Price High Price Low Price Open Price
546.10 546.30 553.70 543.40 549.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 150,668.30 5,453.61 28.10 17.9 72,165
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:01 O 288 546.525 GBX

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26/1/202321:04Glencore Xstrata6,955
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Posted at 28/1/2023 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 549.50p.
Glencore Plc has a 4 week average price of 501.80p 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 382.10p.
There are currently 13,163,987,056 shares in issue and the average daily traded volume is 51,545,906 shares. The market capitalisation of Glencore Plc is £72,164,977,040.99.
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://
Lucky Glencore.....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 09/1/2023 13:41 by wallywoo
Not long to wait for the fy results. With H1 showing a $18.9B ebitda (92c eps), I expect H2 to be even better. The coal division alone should bring in around $12 -15B ebitda in H2 imo ($8B in H1), since spot prices have averaged over $400. Perhaps a fy eps of over $2, makes the p/e ratio here tiny.

I think the 2023 outlook will be muted, and that may keep Glencore from flying. Even so the share price is likely to trot up towards 600 imo. All the extra cash gives Glencore lots of options for buybacks, dividends and acquisitions.

Posted at 07/12/2022 10:15 by norfolk enchance
Bank of America cuts Glencore price target to 590 (610) pence - 'neutral'Barclays cuts Glencore price target to 625 (680) pence - 'overweight'Goldman Sachs cuts Glencore price target to 640 (680) pence - 'buy'JPMorgan cuts Glencore price target to 600 (660) pence - 'overweight'
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 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...


Posted at 06/12/2022 14:48 by waterloo01

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 16:10 by meb123
Stumbled across this today :-

Glencore shares rise after AllianceBernstein upgrades rating:

By Scott Kanowsky -- Shares in Glencore PLC (LON:GLEN) moved higher on Wednesday after analysts at AllianceBernstein raised their rating of the mining giant, citing an increase in coal prices fuelled by dwindling European gas supplies stemming from the outbreak of the war in Ukraine.

In a note to clients, the analysts said they have upgraded their rating of the Baar, Switzerland-based company to Outperform from Market Perform. They also increased their target price for the stock to £7.70 per share, up from the prior level of £5.60.

"In the present, an unprecedented gas shortage in Europe has moved coal from reliable baseload to the marginal and most valuable electron," they wrote.

"As long as this situation persists (several years in our current view), thermal coal prices will remain elevated, Glencore is best positioned in our coverage to take advantage of this."

They flagged that a potential peace deal between Russia and Ukraine presents the biggest risk to this prediction, along with a possible surge in Chinese coal supply.

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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