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LON100:GLEN, Sep 21, 03:28 UTC

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Thursday, September 19


News

Glencore joins grain merchants' digital project

GLEN

PARIS (Reuters) - Glencore Agriculture Limited has joined a project launched last year by other global grain merchants to use new technologies to raise efficiency in trading operations. The initiative was announced last October by the so-called ABCD grain majors - Archer Daniels Midland <ADM.N>, Bunge <BG.N>, Cargill and Louis Dreyfus Company. It was later joined by COFCO International, the overseas trading arm of Chinese state-owned food group COFCO. In a joint statement on Thursday, Glencore and partners said that, after studying digital solutions such as blockchain and artificial intelligence, next steps would include selecting technology providers and developing a pilot covering bulk soybean shipments from Brazil to China.

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Thursday, September 12


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Glencore (LON:GLEN) Given a GBX 250 Price Target by Independent Research Analysts – TechNewsObserver

GLEN

Finally, Barclays dropped their price objective on shares of Glencore from GBX 340 ($4.44) to GBX 330 ($4.31) and set an overweight rating on the stock in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Glencore currently has an average rating of Hold and a consensus target price of GBX 294.35 ($3.85). Glencore has a 52-week low of GBX 188.51 ($2.46) and a 52-week high of GBX 343.60 ($4.49).

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Tuesday, September 10


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Glencore PLC (LON:GLEN) Plans Dividend of $0.10 – TechNewsObserver

GLEN

Shareholders of record on Thursday, September 5th will be given a dividend of $0.10 per share by the natural resources company on Tuesday, September 24th. The stock has a fifty day simple moving average of GBX 244.43 and a two-hundred day simple moving average of GBX 281.54. Glencore has a 12-month low of GBX 188.51 ($2.46) and a 12-month high of GBX 343.60 ($4.49). Finally, Deutsche Bank decreased their price target on shares of Glencore from GBX 280 ($3.66) to GBX 270 ($3.53) and set a “buy” rating on the stock in a research report on Wednesday, September 4th.

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Friday, September 06


News

Will Glencore be the next FTSE 100 company to cut its dividend payment?

GLEN

Will Glencore be the next FTSE 100 company to cut its dividend payment? Glencore (LON:GLEN) is an integrated producer and marketer of commodities, such as metals and minerals, energy products, and agricultural products. It also has interests in industrial assets that include mining, smelting, refining and warehousing operations. For the six months ended 30 June 2019, Glencore PLC revenues decreased 1% to $107.1bn and net income tumbled 92% to $226m. Take a look and see if any of the qualifying stocks might be worthy of further research. As for Glencore (LON:GLEN), you can find a wealth of financial data on the group's StockReport, including information on the group's past and forecast dividend payments. If you’d like to discover more about dividend investing, you can read our free ebook: How to Make Money in Dividend Stocks.

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News

The Glencore share price has fallen 20% in six months – here’s what I’d do now

GLEN

Shares in mining giant Glencore (LSE:GLEN) have taken a beating over the last six months or so, with the company’s share price currently sitting at 235p, a fall of just under 20%. Full-year results in 2018 fell short of expectations and that trend appears to be continuing this year, with lower commodity prices for its main production materials weighing on performance. So what are the prospects for the Glencore share price for the remainder of 2019 and beyond? Fears over a global recession and an ongoing trade conflict between the US and China, leading to a fall in cobalt prices led to declining profits for Glencore in the last quarter, but the company also referred to unresolved operational issues as making up $2bn of the $8bn decline in operating earnings. While cobalt prices have recovered somewhat since Glencore announced it was closing its Mutanda mine in DR Congo, it’s the so-called operational issues which lead me to be sceptical about the prospect of a recovery. Considering other miners such as Rio Tinto and Anglo American offer yields of 5.5% and 4.2% respectively at current prices, as an income investment that argument is potentially stronger. However, Glencore is currently the subject of a number of ongoing investigations into alleged corruption in the countries where it has mines, which is harming its reputation and making it more and more difficult to do business there.

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Thursday, September 05


News

Glencore's risk appetite dwindles, fuelling focus on safer regions

GLEN

(Reuters) - Glencore Inc's <GLEN.L> penchant for risk has long been mining industry lore, but the company is quickly expanding into a part of the world that would have been improbable just a few years ago: Minnesota. The Swiss-based commodity trader took majority control last June of PolyMet Mining Corp <POM.TO>, which is developing a mine in the Midwest state near the Canadian border estimated to hold a century's worth of copper and nickel, critical to the development of electric vehicles. Glencore for years has operated in regions considered high-risk, high-reward, making its shares a draw for some investors who saw the more conservative investing policies of peers, including BHP Group PLC <BHPB.L>, as too tame. But displeasure from institutional investors and the electric vehicle industry with cobalt mining techniques and dangerous conditions has risen. Alongside Minnesota's PolyMet, Glencore has invested in Canada's First Cobalt Corp <FCC.V> to restart an Ontario refinery, started a new copper concentrates blending facility in Taiwan, and also is searching for non-Russian sources of aluminium, expressing an interest in buying Rio's operations in Iceland.

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Tuesday, September 03


News

Glencore wins transfer tax dispute over Australian copper payments

GLEN

Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. (Reuters) - Global mining and trading giant Glencore (GLEN.L) has won a dispute with Australia's Taxation Office after a judge found it had paid the correct amount of tax on purchases of copper concentrate from a mine that it owns in New South Wales state. Australia's Tax Commissioner alleged that Glencore's Swiss head office had failed to pay market rates for the copper it bought from its CSA mine in 2007, 2008 and 2009, and raised its assessment of tax owed by A$92.6 million ($62.5 million). However, the court found that Glencore had established that the price it paid for the copper concentrate was "within an arm's length range," according to a judgment handed down on Tuesday. "Glencore welcomes the Federal Court decision in the matter relating to the pricing of copper concentrate sales by our CSA Mine between 2007 and 2009," the company said in a statement to Reuters.

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Friday, August 30


News

Is the Glencore share price a buy after its latest surge?

GLEN

Mining giant Glencore (LSE:GLEN) is one of the most traded stocks on the FTSE 100, but is there a buy-in chance for value investors? Investments in copper and coal have been paying off for the Glencore share price, which is trending upwards after falling 30% this year. The Glencore share price will go into ex-dividend on 5 September so investors may be tempted to invest now to benefit from a plump 3.6% interim dividend. Shareholders were rewarded with a $2.9bn payout in 2018 and a planned special dividend of 10 cents will take this year’s payout to 20 cents per share.

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Thursday, August 29


News

Why Glencore Is Our Top Silver Stock Today

GLEN

Companies that mine for gold and silver are almost entirely reliant on the price of these metals. When prices are increasing, these businesses flourish and are able to use excess capital to pay dividends to shareholders. When prices are declining, however, these businesses suffer. Glencore smelts, refines, mines, processes and stores silver along with a host of other metals, including copper, zinc, aluminum, nickel and iron ore. Glencore is truly a global company as it has operations on six continents. The miner is headquartered in Switzerland and is also that nation's largest company. While the company produces more silver than any other product, Glencore also has an energy and agricultural products segment. These segments have allowed the company to become much more diversified than most others in the mining sector. For example, Glencore is among the top three producers of copper, cobalt, zinc and seaborne energy coal in the world.

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Wednesday, August 28


News

Today's Market View - Cobalt market stabilises as impact of Glencore output cut assessed

GLEN AAL +1 more GLEN AAL TSLA

Altus Strategies* (LON:ALS) – Sale and royalty agreement with Desert Gold on two projects in Mali Anglo American (LON:AAL) – De Beers diamond sales Ariana Resources (LON:AAU) – Kiziltepe quarterly results Chaarat Gold* (LON:CGH) – Drilling continues to expand the Tulkubash orebody. Natural Gas US$2.207/mmbtu vs US$2.230/mmbtu yesterday. Tesla was competing by simply configuring projects with a lot of Powerpacks, but now the Megapack is a new option better suited for larger projects: “Using Megapack, Tesla can deploy an emissions-free 250 MW, 1 GWh power plant in less than three months on a three-acre footprint – four times faster than a traditional fossil fuel power plant of that size. Desert Gold will have an option to repurchase 1.5% of the Altus NSR contingent on the number of ounces in the reserve statement reported in an independent DFS ($6.0m for >1.0moz, $3.0m for 0.5-1.0moz or $1.0 for 0.25-0.50moz).

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