Glencore (GLEN)

Sector:

Mining

Index:

FTSE 100

454.55p
   
  • Change Today:
    -5.60p
  • 52 Week High: 501.50
  • 52 Week Low: 368.95
  • Currency: UK Pounds
  • Shares Issued: 12,201m
  • Volume: 15,873,054
  • Market Cap: £55,458m

Citi says Glencore is a crowded trade but for 'all the right reasons'

By Alexander Bueso

Date: Tuesday 07 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation (Target price: 700.0p) for shares of Glencore despite the fact that consensus longs often go wrong.
Despite increasingly being a preferred holding in the mining space for investors, in their opinion that was so for all the right reasons: the 'ESG redemption' narrative, "massive" earnings upside from coal prices and a strong environment for the company's marketing business and cash returns.

Indeed, on bottom up 'puts and takes' on earnings before interest, taxes, depreciation and amortisation and free-cash-flow suggested 20%/28% upside for 2022 in relation to the consensus and even more in 2023, they said.

They also cited the potential for potential cash returns of $20bn.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Glencore Market Data

Currency UK Pounds
Share Price 454.55p
Change Today -5.60p
% Change -1.22 %
52 Week High 501.50
52 Week Low 368.95
Volume 15,873,054
Shares Issued 12,201m
Market Cap £55,458m

Glencore Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.39% below the market average50.39% below the market average50.39% below the market average50.39% below the market average50.39% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Price Trend
5.23% below the market average5.23% below the market average5.23% below the market average5.23% below the market average5.23% below the market average
32.39% above the sector average32.39% above the sector average32.39% above the sector average32.39% above the sector average32.39% above the sector average
Income
5.17% below the market average5.17% below the market average5.17% below the market average5.17% below the market average5.17% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Growth
25% below the market average25% below the market average25% below the market average25% below the market average25% below the market average
11.48% below the sector average11.48% below the sector average11.48% below the sector average11.48% below the sector average11.48% below the sector average

What The Brokers Say

Strong Buy 7
Buy 3
Neutral 5
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Glencore Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 29-Aug-24 02-May-24
Paid 20-Sep-24 05-Jun-24
Amount 6.50¢ 6.50¢

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 48,049 @ 454.55p
16:35 34,250 @ 454.55p
16:35 1,443 @ 454.55p
16:35 5,578,306 @ 454.55p
16:35 17,720 @ 454.55p

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