Glencore (GLEN)

Sector:

Mining

Index:

FTSE 100

435.30p
   
  • Change Today:
      6.55p
  • 52 Week High: 501.90
  • 52 Week Low: 368.95
  • Currency: UK Pounds
  • Shares Issued: 12,201m
  • Volume: 23,701,416
  • Market Cap: £53,110m

Glencore ups shareholder returns after record earnings

By Sean Farrell

Date: Thursday 05 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Glencore announced a special dividend and a $650m share buyback as the commodities trader and producer posted record first-half earnings supported by rising prices.
Adjusted earnings before interest, tax, depreciation and amortisation jumped 79% to $8.7bn in the six months to the end of June from a year earlier as revenue rose 32% to $93.8bn.

The FTSE 100 group declared a special dividend of 4 cents a share and said it would buy back $650m shares before the publication of annual results. The $1.15bn package will take planned shareholder returns for 2021 to about $2.8bn.

Glencore said earnings were supported by sharp increases in metals prices and mining margins. Its coal business was hit by weak pricing and volumes earlier in the year but will have a "significantly improved finish" to 2021, Glencore predicted.

The results are the first under the leadership of Gary Nagle, who took over from Ivan Glasenberg at the start of July. Glasenberg built the company into a commodities giant during 19 years as chief executive.

"I am pleased to report strong progress and group performance over the first half of 2021," Nagle said. "Following Covid-19's severe global impacts in early 2020, the subsequent economic recovery has seen prices of most of our commodities surging to multi-year highs amid accelerating demand and lingering supply constraints.

"Fiscal and monetary stimulus, successful vaccine roll-outs and increasing momentum in relation to decarbonisation of energy systems should continue to underpin sector sentiment going forward."

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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 435.30p
Change Today 6.55p
% Change 1.53 %
52 Week High 501.90
52 Week Low 368.95
Volume 23,701,416
Shares Issued 12,201m
Market Cap £53,110m

Glencore Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.80% above the market average11.80% above the market average11.80% above the market average11.80% above the market average11.80% above the market average
70.99% below the sector average70.99% below the sector average70.99% below the sector average70.99% below the sector average70.99% below the sector average
Price Trend
14.4% below the market average14.4% below the market average14.4% below the market average14.4% below the market average14.4% below the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Income
17.93% above the market average17.93% above the market average17.93% above the market average17.93% above the market average17.93% above the market average
47.83% below the sector average47.83% below the sector average47.83% below the sector average47.83% below the sector average47.83% below the sector average
Growth
28.09% below the market average28.09% below the market average28.09% below the market average28.09% below the market average28.09% below the market average
15.62% below the sector average15.62% below the sector average15.62% below the sector average15.62% below the sector average15.62% below the sector average

What The Brokers Say

Strong Buy 7
Buy 2
Neutral 6
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 28-Mar-2024

Time Volume / Share Price
16:46 10,953 @ 435.84p
16:42 25,168 @ 435.30p
16:35 13,122,132 @ 435.30p
16:35 2,747 @ 435.30p
16:35 2,099 @ 435.30p

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