Glencore (LON:GLEN) Trading Up 9.6% After Analyst Upgrade

Glencore plc (LON:GLEN) rose 9.6% during mid-day trading on Friday after Royal Bank Of Canada raised their price target on the stock from GBX 430 to GBX 480. Royal Bank Of Canada currently has an outperform rating on the stock. Glencore traded as high as GBX 454.10 and last traded at GBX 452.50. Approximately 2,147,000,000 shares were traded during mid-day trading, an increase of 461% from the average daily volume of 382,712,750 shares. The stock had previously closed at GBX 413.

GLEN has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their target price on shares of Glencore from GBX 400 to GBX 450 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Berenberg Bank reissued a “hold” rating and set a GBX 350 price target on shares of Glencore in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Glencore currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 418.33.

Key Stories Impacting Glencore

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: Restart of merger talks with Rio Tinto — markets cheered renewed negotiations for a potential combination that could be worth roughly $260bn, which would support a takeover premium for Glencore shareholders and major scale benefits. Glencore and Rio Tinto resume talks on $260bn mining megadeal
• Positive Sentiment: Rio signalling willingness to own coal to facilitate a deal — Bloomberg reports Rio may accept owning coal assets to smooth a transaction, increasing the likelihood the parties can structure a deal rather than being blocked by asset-divestment impasses. Rio Said to Be Open to Owning Coal to Unlock Glencore Deal
• Positive Sentiment: Analyst upgrade and higher price target — RBC raised its Glencore price target to GBX 480 with an “outperform” call, giving investors a fresh buy-side signal and further support for the rally. Digital Look broker ratings
• Neutral Sentiment: Preliminary announcement formally confirms talks — industry outlets and Mining Technology note talks are at an early stage; this validates market excitement but leaves many execution details unresolved. Rio Tinto, Glencore announce preliminary merger talks to create mining giant
• Neutral Sentiment: Commentary on strategic rationale — FT analysis frames the move as part of a “bigger is better” industry trend; useful context but not new transactional progress. Rio-Glencore talks highlight ‘bigger is better’ mining mantra
• Negative Sentiment: Regulatory, integration and ESG risks remain material — size, coal exposure and required asset carve-outs could trigger antitrust scrutiny, shareholder/ESG pushback and complex integration costs that would weigh on deal value and timing. Coverage notes these hurdles remain unresolved. Glencore and Rio Tinto resume talks on $260bn mining megadeal

Glencore Trading Up 8.9%

The company has a market capitalization of £52.70 billion, a PE ratio of -28.12, a P/E/G ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The business has a fifty day moving average price of GBX 378.68 and a 200 day moving average price of GBX 336.87.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.