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New Buy Rating for Glencore (GLEN), the Basic Materials Giant
In a report released today, Ephrem Ravi from Citi maintained a Buy rating on Glencore, with a price target of £7.70.
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According to TipRanks, Ravi is ranked #384 out of 12227 analysts.
In addition to Citi, Glencore also received a Buy from RBC Capital’s Ben Davis in a report issued yesterday. However, on May 26, J.P. Morgan reiterated a Hold rating on Glencore (LSE: GLEN).
Based on Glencore’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p130.73 billion and a net profit of p1.02 billion. In comparison, last year the company earned a revenue of p113.85 billion and had a GAAP net loss of p1.4 billion
Read More on GB:GLEN:
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- Glencore Investors Back All Resolutions at 2026 AGM, Including Capital Return and Buyback Mandates
- Glencore price target raised to 560 GBp from 500 GBp at JPMorgan
- Glencore Sees No Immediate Production Hit From Chile Tribunal Ruling on Collahuasi
- Glencore price target raised to 610 GBp from 550 GBp at Deutsche Bank
- Glencore Sets Multi-Currency Capital Return for H1 2026
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