Glencore’s (GLEN) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Glencore (LON:GLEN) in a research report report published on Monday, Marketbeat Ratings reports. Royal Bank Of Canada currently has a GBX 600 target price on the natural resources company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 700 price objective on shares of Glencore in a research note on Monday, July 6th. Berenberg Bank reissued a “buy” rating and set a GBX 780 target price on shares of Glencore in a research note on Wednesday, July 1st. JPMorgan Chase & Co. lowered their target price on Glencore from GBX 560 to GBX 520 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Citigroup lifted their target price on Glencore from GBX 6,700 to GBX 7,700 and gave the company a “buy” rating in a research report on Thursday, June 4th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,780.

Glencore Stock Up 2.8%

Shares of LON GLEN opened at GBX 520.62 on Monday. The firm has a market cap of £61.01 billion, a price-to-earnings ratio of 173.54, a PEG ratio of 0.43 and a beta of 0.51. The company has a quick ratio of 0.32, a current ratio of 1.06 and a debt-to-equity ratio of 106.72. Glencore has a 52-week low of GBX 275.20 and a 52-week high of GBX 621.40. The business’s 50 day moving average is GBX 547.30 and its two-hundred day moving average is GBX 535.86.

Trending Headlines about Glencore

Here are the key news stories impacting Glencore this week:

• Positive Sentiment: Copper production increased 15% in the first half, strengthening Glencore’s exposure to the metal’s favorable long-term demand outlook. The company maintained its 2026 production guidance, suggesting management remains confident in its operational plans. Glencore Reports 15% Rise in H1 Copper Production, Maintains 2026 Guidance
• Positive Sentiment: The marketing business is expected to generate approximately $3.3 billion in first-half EBIT, with trading profits reportedly doubling as the Iran conflict and wider Middle East turmoil disrupted commodity markets. This highlights the earnings diversification and volatility benefits of Glencore’s trading operations. Glencore trading profits double on Middle East turmoil
• Positive Sentiment: Royal Bank of Canada reiterated its “Outperform” rating, providing additional analyst support for the shares. Royal Bank Of Canada Reiterates Outperform Rating for Glencore
• Neutral Sentiment: Glencore reported mixed first-half output across commodities but kept its full-year production targets unchanged. The unchanged guidance reduces the risk of a downgrade, while the uneven production profile limits the upside from the copper gains. Glencore posts mixed H1 output, maintains FY production guidance
• Negative Sentiment: Trading gains linked to war-driven market disruption may be difficult to repeat and could expose earnings to a normalization in commodity volatility. Investors may therefore treat the exceptional marketing performance cautiously.
• Negative Sentiment: Glencore Canada reduced its Osisko Mining shareholding to 11.9%, a disposal that may signal portfolio reshaping and removes some exposure to a potential mining investment upside. Glencore Canada reduces Osisko shareholding to 11.9%

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.