Glencore Stock News

JP Morgan has upgraded Glencore PLC (LSE:GLEN, ASX:GLC) to 'overweight,' with a price target of £7.30 per share, supported by expectations of copper growth and geopolitical hedging. The broker forecasts copper production to rise by more than 30% between 2026 and 2031, to about 1.1 million tonnes.

Glencore shares are set to start trading on the Australian Securities Exchange on Wednesday as the miner and trader hopes to ​secure a better valuation from Australia's mining-friendly investors who are seeking ‌greater exposure to copper.

Deutsche Bank rates Glencore PLC (LSE:GLEN), the FTSE 100 mining and trading company, a 'buy' with a 680p price target, 16.3% above Monday's closing price of 584.6p, citing its copper growth plans. Glencore is targeting 14 October as its first day of trading on the Australian Securities Exchange (ASX), as Deutsche Bank compares its copper assets, growth pipeline and guidance record with those o...

Glencore expects strong demand from investors seeking exposure to trend toward electrification when it ​lists in Australia next week, CEO Gary Nagle said on Friday, adding that a deeper ‌local presence may yield business opportunities although it has no set buyout list.

Citi expects Glencore PLC (LSE:GLEN), the mining and commodities group, to benefit from stronger marketing earnings in 2026 after it raised guidance for the division and its long-term profit range. Glencore now expects earnings before interest and tax (EBIT) from marketing to exceed $5 billion in 2026, above its previous guidance and close to Citi's $5.4 billion forecast.

Glencore on Friday said it now expects ​2026 marketing adjusted operating profit to exceed $5 billion, ‌well above its long-term guidance, after a near-record first-half performance driven by volatile oil, gas and freight markets.

Glencore , Peabody Energy and investment firm Heeney Capital are weighing deals ​to produce coal in Venezuela, Bloomberg ‌News reported on Wednesday.

Glencore PLC (LSE:GLEN) won an upgrade to ‘buy' from ‘neutral' at UBS, which raised its target to £6.50 from £6.20 on stronger trading and coal prospects. UBS raised its EBITDA forecasts by 5% for 2026 and 7% for 2027, reflecting higher coal price realisations and marketing profitability.