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Berenberg Bank upgrades Glencore (GLEN) to a Buy

Tipranks - Tipranks - Thu Dec 18, 2025

In a report released yesterday, Richard Hatch from Berenberg Bank upgraded Glencore to a Buy, with a price target of p480.00. The company’s shares closed yesterday at p373.30.

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Hatch covers the Basic Materials sector, focusing on stocks such as Rainbow Rare Earths, Antofagasta, and Wheaton Precious Metals. According to TipRanks, Hatch has an average return of 17.7% and a 55.38% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glencore with a p408.00 average price target, which is a 9.30% upside from current levels. In a report released on December 10, RBC Capital also maintained a Buy rating on the stock with a p430.00 price target.

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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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