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Goldman Sachs Sticks to Its Hold Rating for Glencore (GLEN)

Tipranks - Tipranks - Sat Jan 31, 7:44AM CST

In a report released today, Matt Greene from Goldman Sachs maintained a Hold rating on Glencore, with a price target of p520.00.

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Greene covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and Lundin Mining. According to TipRanks, Greene has an average return of 10.1% and a 53.46% success rate on recommended stocks.

In addition to Goldman Sachs, Glencore also received a Hold from TipRanks – DeepSeek’s DeepSeek Materials GB in a report issued today. However, on the same day, Barclays maintained a Buy 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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