Glencore (LON:GLEN) Reaches New 12-Month High – Here’s Why

Shares of Glencore plc (LON:GLEN) hit a new 52-week high on Monday . The company traded as high as GBX 459.60 and last traded at GBX 458.89, with a volume of 2147000000 shares trading hands. The stock had previously closed at GBX 450.23.

Glencore News Roundup

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

Analyst Ratings Changes

GLEN has been the topic of several research reports. Royal Bank Of Canada raised their price target on shares of Glencore from GBX 430 to GBX 480 and gave the stock an “outperform” rating in a research note on Thursday. Berenberg Bank reissued a “hold” rating and issued a GBX 350 target price on shares of Glencore in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on Glencore from GBX 400 to GBX 450 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Glencore currently has an average rating of “Moderate Buy” and a consensus price target of GBX 418.33.

Glencore Stock Up 1.8%

The business has a 50 day simple moving average of GBX 378.68 and a 200 day simple moving average of GBX 337.76. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The company has a market capitalization of £53.67 billion, a price-to-earnings ratio of -28.63, a PEG ratio of 0.43 and a beta of 1.21.

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.