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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
LON:GLEN

Glencore (GLEN) Share Price, News & Analysis

GBX 435.30
+6.55 (+1.53%)
(As of 04:42 PM ET)
Today's Range
431.23
437.20
50-Day Range
368.95
428.85
52-Week Range
365.31
502.66
Volume
23.69 million shs
Average Volume
28.53 million shs
Market Capitalization
£52.89 billion
P/E Ratio
1,612.22
Dividend Yield
2.30%
Price Target
GBX 564

Glencore MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
29.6% Upside
GBX 564 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.59
Upright™ Environmental Score
News Sentiment
0.05mentions of Glencore in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.74 out of 5 stars

GLEN stock logo

About Glencore Stock (LON:GLEN)

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution. It also operates marketing and distribution of physical commodities sourced from third party producers and company's production to industrial consumers, including the battery, electronic, construction, automotive, steel, energy, and oil industries. In addition, the company provides financing, logistics, and other services to producers and consumers of commodities. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

GLEN Stock Price History

GLEN Stock News Headlines

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Industry, Sector and Symbol

Industry
Other Industrial Metals & Mining
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
140,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 564
High Stock Price Target
GBX 610
Low Stock Price Target
GBX 540
Potential Upside/Downside
+29.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
£4.28 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£217.83 billion
Cash Flow
GBX 17.73 per share
Book Value
GBX 358 per share

Miscellaneous

Outstanding Shares
12,150,000,000
Free Float
N/A
Market Cap
£52.90 billion
Optionable
Not Optionable
Beta
1.29
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Key Executives

  • Mr. Gary Nagle (Age 49)
    CEO & Director
    Comp: $4.62M
  • Mr. Steven Kalmin (Age 53)
    Chief Financial Officer
    Comp: $242k
  • Mr. Martin Fewings
    Head of Investor Relations & Communications
  • Shaun Teichner
    General Counsel
  • Mr. Derrick Crowley
    Head of Human Resources
  • Mr. Dawid Myburgh
    Chief Geologist
  • Japie Fullard
    Head of Ferroalloys Assets
  • Jason Kluk
    Head of Ferroalloys & Nickel Marketing
  • Ruan Van Schalkwyk
    Head of Coal Marketing
  • Alex Sanna
    Head of Oil Marketing

Should I Buy Glencore Stock? GLEN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Glencore was last updated on Monday, March 25, 2024 at 11:34 AM.

Pros

Here are some ways that investors could benefit from investing in Glencore plc:

  • Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of a wide range of metals and minerals, providing diversified exposure to the commodities market.
  • The company operates in multiple regions globally, including the Americas, Europe, Asia, Africa, and Oceania, which helps in mitigating geopolitical risks.
  • With a focus on both Marketing Activities and Industrial Activities, Glencore has a well-rounded business model that caters to various sectors such as battery, electronic, construction, automotive, steel, energy, and oil industries.
  • Recent financial reports indicate that Glencore plc has been adapting to market conditions, showcasing resilience and strategic decision-making in response to changing economic landscapes.
  • Investors may find the current stock price of Glencore plc attractive, considering the company's long-standing presence in the commodities market and potential for growth.

Cons

Investors should be bearish about investing in Glencore plc for these reasons:

  • Commodity prices can be volatile, impacting the revenue and profitability of Glencore plc, making it susceptible to market fluctuations.
  • The company's operations in various regions may expose it to regulatory and political risks, affecting its business operations and financial performance.
  • Environmental concerns related to mining activities could lead to increased scrutiny and potential regulatory challenges for Glencore plc.
  • Global economic uncertainties and trade tensions may impact the demand for commodities, influencing Glencore's revenue streams and profitability.
  • Investors should carefully consider the cyclical nature of the commodities market and its potential impact on Glencore plc's financial performance and stock price.

GLEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Glencore stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLEN shares.
View GLEN analyst ratings
or view top-rated stocks.

What is Glencore's stock price target for 2024?

3 Wall Street research analysts have issued 12 month price targets for Glencore's shares. Their GLEN share price targets range from GBX 540 to GBX 610. On average, they expect the company's stock price to reach GBX 564 in the next year. This suggests a possible upside of 29.6% from the stock's current price.
View analysts price targets for GLEN
or view top-rated stocks among Wall Street analysts.

How have GLEN shares performed in 2024?

Glencore's stock was trading at GBX 472.10 on January 1st, 2024. Since then, GLEN shares have decreased by 7.8% and is now trading at GBX 435.30.
View the best growth stocks for 2024 here
.

How often does Glencore pay dividends? What is the dividend yield for Glencore?

Glencore announced a dividend on Wednesday, February 21st. Shareholders of record on Thursday, August 29th will be paid a dividend of GBX 0.07 per share on Friday, September 20th. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. The official announcement can be viewed at this link.
Read our dividend analysis for GLEN
.

Is Glencore a good dividend stock?

Glencore (LON:GLEN) pays an annual dividend of GBX 10 per share and currently has a dividend yield of 2.40%. The dividend payout ratio is 3,703.70%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for GLEN.

What other stocks do shareholders of Glencore own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Glencore investors own include Barclays (BARC), Lloyds Banking Group (LLOY), Glencore (GLNCY), Centamin (CEY), Anglo American (AAL), Rio Tinto Group (RIO), HSBC (HSBA), Royal Dutch Shell (RDSB), Playtech (PTEC) and Tesco (TSCO).

How do I buy shares of Glencore?

Shares of GLEN stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:GLEN) was last updated on 3/28/2024 by MarketBeat.com Staff

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