Streetbeat News

GLCNF

Glencore plc

https://www.glencore.com/

CEO

Ivan Glasenberg

Industry

Dimension Stone Mining and Quarrying

Open

3.96

Mkt cap

49B

Volume

2.2K

High

4.01

P/E Ratio

-30.85

52-wk high

6.40

Low

3.96

Div yield

0.03

52-wk low

3.97

Deutsche Bank has reduced its price target for Glencore PLC due to weak coal prices and underwhelming 2024 results, but maintains a 'buy' rating, citing deep value.

Portfolio Pulse from

February 28, 2025 | 2:30 pm

Glencore is considered highly undervalued due to its strong commodity trading operations and disciplined mergers, such as the $7bn acquisition of Teck's coal business. CEO Gary Nagle is focusing on share buybacks and potential re-listing on NYSE or ASX to enhance valuation, with a forecasted 50% upside.

Portfolio Pulse from

February 21, 2025 | 5:00 am

Glencore plc held its Q4 2024 earnings call, discussing financial results with various analysts from major financial institutions.

Portfolio Pulse from

February 20, 2025 | 4:45 am

Glencore PLC is considering moving its primary listing from the London Stock Exchange to another market, potentially seeking a higher valuation.

Portfolio Pulse from

February 19, 2025 | 10:00 am

Glencore PLC has increased its dividend and announced a $1 billion share buyback despite a 16% drop in earnings due to weaker commodity prices, particularly coal.

Portfolio Pulse from

February 19, 2025 | 8:30 am

Morgan Stanley has upgraded Glencore PLC to 'overweight', suggesting the market has overreacted to concerns about coal prices and trading business pressures. The bank sees Glencore as an attractive buying opportunity.

Portfolio Pulse from

February 18, 2025 | 9:45 am

Glencore, a miner and commodity trader, disclosed that it rejected an unsolicited offer from an unnamed buyer for its operations in the Democratic Republic of Congo at the end of last year.

Portfolio Pulse from

February 14, 2025 | 2:30 pm

Glencore PLC reported that its full-year 2024 production was in line with expectations, driven by strong second-half performances in key commodities. The company saw significant increases in steelmaking coal production following its acquisition of Elk Valley Resources.

Portfolio Pulse from

January 30, 2025 | 10:15 am

Glencore's market cap has decreased significantly, making it a potential takeover target in 2025. Rising commodity demand and potential M&A activity in the mining sector could impact its stock.

Portfolio Pulse from

January 17, 2025 | 7:15 pm

Glencore and Rio Tinto are in merger talks, potentially leading to a consolidation in the mining sector, reducing the number of major players from four to two super-majors.

Portfolio Pulse from

January 17, 2025 | 8:30 am

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