Glencore (LON:GLEN) Price Target Raised to GBX 540

Glencore (LON:GLEN) had its price target increased by investment analysts at Royal Bank Of Canada from GBX 530 to GBX 540 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the natural resources company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 2.10% from the stock’s current price.

Several other research firms have also commented on GLEN. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 350 price target on shares of Glencore in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective 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. Four equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 428.33.

Glencore Stock Up 2.2%

GLEN traded up GBX 11.60 during midday trading on Wednesday, reaching GBX 528.90. The company’s stock had a trading volume of 445,789,063 shares, compared to its average volume of 62,356,836. The stock’s 50-day moving average is GBX 429.14 and its 200-day moving average is GBX 362. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore has a 1 year low of GBX 205 and a 1 year high of GBX 533.50. The firm has a market capitalization of £61.91 billion, a price-to-earnings ratio of -33.06, a PEG ratio of 0.43 and a beta of 1.21.

Glencore News Summary

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: US‑backed fund agreed to buy a stake in Glencore’s DR Congo mining assets, reducing geopolitical and governance risk around key cobalt/ copper operations and making Glencore more attractive to Western partners. FT: US-backed fund agrees to buy stake in Glencore’s DR Congo mines
• Positive Sentiment: Sale of mining assets to a US government‑backed entity highlights Glencore’s strategic appeal to Western investors and helped soothe governance concerns tied to the proposed Rio Tinto tie‑up. This supports investor confidence in dealability and asset value. MSN: Glencore’s strategic allure highlighted by sale of mining assets to US government-backed entity
• Positive Sentiment: GLEN’s share price has moved above its 200‑day moving average — a technical bullish signal that can attract momentum buyers and funds using trend filters. AmericanBankingNews: Share Price Passes Above 200-Day Moving Average
• Neutral Sentiment: The proposed Glencore‑Rio Tinto megamerger “hangs in the balance” as deadlines approach; outcome uncertainty remains a material catalyst but direction is unclear until firms/stakeholders clarify next steps. FT: Glencore-Rio Tinto megamerger ‘hangs in the balance’
• Negative Sentiment: Glencore Canada has suspended planned ~US$1bn investments to upgrade the Horne copper smelter after emissions‑reduction talks with Quebec stalled; the halt raises regulatory, operational and potential closure risks (company hinted at possible 2027 closure if no deal). This threatens future copper output and may lead to charges or earnings risk. Globe and Mail: Glencore to suspend plan to upgrade Quebec copper smelter after emissions talks break down

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.