Glencore (GLNCY) Stock Forecast & Price Target

$8.79 -0.01 (-0.11%)

(As of 12/20/2024 05:55 PM ET)

Glencore - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Buy

Based on 5 Analyst Ratings

Sell
0

Hold
0

Buy
5

Based on 5 Wall Street analysts who have issued ratings for Glencore in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 5 analysts, 5 have given a strong buy rating for GLNCY.

Consensus Price Target

N/A

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GLNCY Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	5 Strong Buy rating(s)	4 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Strong Buy	Strong Buy	Strong Buy	Buy

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GLNCY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GLNCY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Glencore Stock vs. The Competition

Type	Glencore	Basic Materials Companies	S&P 500
Consensus Rating Score	4.00	2.76	2.51
Consensus Rating	Strong Buy	Moderate Buy	Moderate Buy
Predicted Upside	N/A	138.78% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent GLNCY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
12/16/2024	BMO Capital Markets 4 of 5 stars	A. Pearce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/28/2024	Hsbc Global Res 0 of 5 stars	S. Modi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/16/2024	Barclays 3 of 5 stars	I. Rossouw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Calero Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
8/8/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Greene Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Ravi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
Get the Latest News and Ratings for GLNCY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Glencore and its competitors with MarketBeat's FREE daily newsletter.
10/11/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
8/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 525 ➝ GBX 500
7/25/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 560 ➝ GBX 550
6/5/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 575 ➝ GBX 560
4/24/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 620 ➝ GBX 610
3/20/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
3/20/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
2/15/2023	AlphaValue Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:45 AM ET.

Should I Buy Glencore Stock? GLNCY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Glencore pros and cons to contact@marketbeat.com.

Glencore
Bull Case

Here are some ways that investors could benefit from investing in Glencore plc:

Glencore plc is actively engaged in the production and marketing of essential metals and minerals, including copper and cobalt, which are critical for the growing electric vehicle and renewable energy sectors.
The current stock price of Glencore plc is $11.35, which may present a buying opportunity for investors looking for value in the commodities sector.
With a diverse portfolio that includes energy products like coal and crude oil, Glencore plc is well-positioned to capitalize on fluctuations in global energy demand.
The company has a strong logistics and financing framework, providing additional services to producers and consumers, which can enhance its revenue streams and operational efficiency.
Recent performance shows a 0.64% increase over the past year, indicating potential growth and stability in the company's market position.

Glencore
Bear Case

Investors should be bearish about investing in Glencore plc for these reasons:

Glencore plc has a relatively low institutional ownership percentage, which may indicate a lack of confidence from larger investors in the company's future prospects.
The company has a significant amount of short interest, with 237,500 shares shorted, suggesting that some investors are betting against the stock, which could lead to volatility.
With a month-to-month change percentage of 2.59% in shares shorted, there may be increasing bearish sentiment among traders regarding the stock's performance.
Outstanding shares are currently reported as zero, which raises concerns about the company's liquidity and ability to attract new investments.
The average daily trading volume of 828,100 shares indicates that while there is activity, it may not be sufficient to support significant price movements, potentially limiting investor gains.

GLNCY Forecast - Frequently Asked Questions

: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Glencore in the last year. There are currently 5 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "strong buy" GLNCY shares.
: According to analysts, Glencore's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Glencore's stock had 3 upgrades by analysts.
: Glencore has been rated by research analysts at Barclays, BMO Capital Markets, and Hsbc Global Res in the past 90 days.
: Analysts like Glencore more than other "basic materials" companies. The consensus rating for Glencore is Strong Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how GLNCY compares to other companies.

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This page (OTCMKTS:GLNCY) was last updated on 12/21/2024 by MarketBeat.com Staff

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Glencore (GLNCY) Stock Forecast & Price Target