Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

New Buy Rating for Glencore (GLEN), the Basic Materials Giant

Tipranks - Tipranks - Fri Apr 3, 12:34AM CDT

In a report released yesterday, Richard Hatch from Berenberg Bank maintained a Buy rating on Glencore, with a price target of p630.00.

End of Quarter Sale - 50% Off TipRanks

Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Resolute Mining , and Atalaya Mining. According to TipRanks, Hatch has an average return of 26.1% and a 59.51% success rate on recommended stocks.

In addition to Berenberg Bank, Glencore also received a Buy from TipRanks – Google’s Google Materials GB in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Glencore (LSE: GLEN).

See today’s best-performing stocks on TipRanks >>

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:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).