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Barclays Keeps Their Buy Rating on Glencore (GLEN)

Tipranks - Tipranks - Sat Jan 31, 2:08AM CST

Barclays analyst Ian Rossouw CFA maintained a Buy rating on Glencore today and set a price target of £4.85.

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According to TipRanks, Rossouw CFA is a 5-star analyst with an average return of 12.4% and a 58.51% success rate. Rossouw CFA covers the Basic Materials sector, focusing on stocks such as Anglo American, Glencore, and First Quantum Minerals.

In addition to Barclays, Glencore also received a Buy from Morgan Stanley’s Alain Gabriel in a report issued on January 28. However, today, TipRanks – DeepSeek reiterated a Hold rating on Glencore (LSE: GLEN).

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Based on Glencore’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p117.4 billion and a GAAP net loss of p655 million. In comparison, last year the company earned a revenue of p117.09 billion and had a GAAP net loss of p233 million

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