Glencore (LON:GLEN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Glencore (LON:GLEN) had its price target increased by Royal Bank Of Canada from GBX 530 to GBX 540 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the natural resources company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 2.10% from the stock’s previous close.

GLEN has been the topic of several other research reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 350 target price on shares of Glencore in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Glencore from GBX 400 to GBX 450 and gave the company a “neutral” rating in a research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 428.33.

Glencore Stock Performance

LON GLEN opened at GBX 528.90 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The company’s 50-day simple moving average is GBX 432.54 and its 200 day simple moving average is GBX 363.16. The stock has a market cap of £61.91 billion, a P/E ratio of -33.06, a PEG ratio of 0.43 and a beta of 1.21. Glencore has a twelve month low of GBX 205 and a twelve month high of GBX 533.50.

Key Headlines Impacting Glencore

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: Royal Bank of Canada raised its price target and set an “outperform” rating, signaling analyst confidence in earnings/valuations and supporting near‑term upside. Broker ratings – Digital Look
• Positive Sentiment: A US‑backed fund agreed to buy a stake in Glencore’s DRC mines, which reduces geopolitical/regulatory risk for key commodity assets and validates Glencore’s strategic position in critical minerals. US‑backed fund agrees to buy stake in Glencore’s DR Congo mines – FT
• Positive Sentiment: Coverage highlights a sale of mining assets to a US government‑backed entity, reinforcing Glencore’s attractiveness to strategic/state‑aligned buyers and easing some governance/sovereign concerns. Glencore’s strategic allure highlighted by sale of mining assets – MSN
• Neutral Sentiment: Technically, the share price has moved above its 200‑day moving average — a bullish signal for momentum traders but not a fundamental change. Share Price Passes Above 200‑Day Moving Average – American Banking News
• Negative Sentiment: Glencore has suspended planned upgrades and roughly $1bn of investments at its Horne copper smelter in Quebec after talks over emissions stalled — this creates regulatory uncertainty, potential compliance costs, and near‑term capex disruption. Glencore to suspend plan to upgrade Quebec copper smelter – The Globe and Mail
• Negative Sentiment: Additional reports confirm suspension of the Canada smelter investments amid stalled talks, intensifying the regulatory and operational risk narrative for North American operations. Glencore suspends $1bn Canada smelter investments – Mining Weekly
• Negative Sentiment: The proposed Glencore‑Rio Tinto megamerger remains uncertain as deadlines loom, adding merger execution risk and potential volatility to the stock if talks falter. Glencore‑Rio Tinto megamerger ‘hangs in the balance’ – FT

About Glencore

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.