Glencore Stock News

Deutsche Bank has lowered its price target for Glencore PLC (LSE:GLEN) from 480p to 450p, citing weak coal prices, underwhelming 2024 results, and market uncertainty over the company's strategic direction. Despite this, it maintains a 'buy' rating, seeing deep value at current levels.

Technology Minerals PLC (LSE:TM1) 48.35%-owned battery recycling firm, Recyclus Group, has secured a Transfrontier Shipment of Waste (TFS) licence. The approval allows Recyclus to transport black mass to Europe under its offtake agreement with Glencore.

Glencore's unique value lies in its strong commodity trading operation and disciplined approach to mergers, exemplified by its recent $7bn acquisition of Teck's coal business. CEO Gary Nagle emphasizes share buybacks and potential re-listing on NYSE or ASX for higher valuation, driving significant upside potential. Valuation analysis suggests a 50% upside, with a conservative long-term copper p...

Glencore plc (OTCPK:GLCNF) Q4 2024 Earnings Call February 19, 2025 3:30 AM ET Company Participants Martin Fewings - Investor Relations Gary Nagle - Chief Executive Officer Steven Kalmin - Chief Financial Officer Conference Call Participants Izak Rossouw - Barclays Jason Fairclough - Bank of America Ephrem Ravi - Citi Alain Gabriel - Morgan Stanley Chris LaFemina - Jefferies Liam Fitzpatrick - D...

Glencore PLC has signalled it is considering ditching the London Stock Exchange in favour of a primary listing elsewhere. Following results on Wednesday, chief executive Gary Nagle flagged the miner could potentially move overseas in search of a higher valuation.

London-listed global commodity trader and miner Glencore traded more oil in 2024 than in the previous year, preliminary results showed on Wednesday, but its earnings from energy products fell.

Glencore PLC (LSE:GLEN) attempted to paper over the cracks by increasing its dividend and launching a $1 billion share buyback, as earnings fell for a second straight year in 2024 due to weaker commodity prices. The London-listed miner and commodity trader reported adjusted earnings of $14.36 billion, down 16% from $17.1 billion the previous year, driven primarily by lower industrial coal prices.

Glencore announced a $1 billion share buyback and a $1.2 billion dividend payout to shareholders on Wednesday, even as lower commodity prices depleted its earnings.