Glencore is engaged as a natural resource companies. Co. is organized and operates on a worldwide basis in three main business segments: Metals and minerals, which comprised of zinc, copper, lead, alumina, aluminium, ferroalloys, nickel, cobalt and iron ore; Energy products, which comprised of crude oil, oil products, steam coal and metallurgical coal; and Agricultural products, which comprised of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar supported by investments in storage, handling, processing and port facilities.
  • TickerA1JAGV
  • ISINJE00B4T3BW64
  • ExchangeStuttgart Stock Exchange
  • SectorMining
  • CountryJersey

Analysts

Philip Morrish

Value Indicator - UK Main Market 16092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 16092019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 09092019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 09092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target providers

Philip Morrish

Value Indicator - UK Main Market 02092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Glencore plc: Update following upgrade to Baa1, outlook stable

Our credit view of Glencore plc, reflecting the company's strong operating performance and its financial policy of maintaining low leverage over the cycle.

Glencore plc: Update to credit analysis

Our credit view of Glencore, reflecting the company's strong operating performance and its financial policy to maintain low leverage over the cycle.

Anglo American plc and Glencore plc: Peer comparison - Both miners' credit quality has recovered but we expect Glencore's to remain stronger

We expect Glencore will remain the stronger credit over the next 12 to 18 months following the recovery of both companies from the commodities downturn.

Glencore plc: Glencore's up to $1 billion share buy-back announcement is not a credit concern but legal woes add uncertainty

Moody's view of the rating implications of Glencore's share buy-back and outstanding legal proceedings recently announced by the company.

Glencore plc: Update post outlook change to positive

A detailed rationale for Glencore’s Baa2 ratings with positive outlook, highlighting strong operating performance and the company’s financial policy to maintain low leverage over the cycle.

Mathew Hodge

Morningstar | Vale’s Misfortune Priced into the Iron Ore Miners but Value Emerging in Base Metals and Coal

Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The coal miners have been soft and New Hope and Whitehaven now stand out as being relatively undervalued. ...

Mathew Hodge

Morningstar | Vale’s Misfortune Priced into the Iron Ore Miners but Value Emerging in Base Metals and Coal. See Updated Analyst Note from 12 Jul 2019

Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The coal miners have been soft and New Hope and Whitehaven now stand out as being relatively undervalued. ...

Mathew Hodge

Vale’s Misfortune Priced into the Iron Ore Miners but Value Emerging in Base Metals and Coal

Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The co...

Mathew Hodge

Sell-Off in Base Metals, Coal and Cobalt now Sees Glencore Close to Fairly Valued

Steel-making materials stocks, those exposed to iron ore and coking coal, have markedly outperformed our near-term expectations. The key reasons have been continued strong steel demand growth, particularly in China, and more recently, Vale’s tragic tailings dam failure and Cyclone Veronica. Iron ore supply losses this year are material, about 6% of global iron ore supply and some of that will bleed into 2020. Coking coal supply has also been impacted in the near term by increased safety inspecti...

Matthew Shields

Glencore | Proxy voting and governance recommendation

Glencore (GLN) receives a governance score of 2.92 out of 5.00 and is rated as 'Adequate'. In this note we discuss a number of controversial issues involving GLN which pose as a risk to the Group. In addition, we believe that the Group's remuneration report is inadequate and lacks sufficient information regarding the assessment of executive performance. Disappointingly, GLN's safety performance deteriorated in 2018.

A director maiden bought 50,000 shares at 338p and

A director at Glencore maiden bought 50,000 shares at 338p and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Roger Bade

Glencore (GLEN) - Bidding battle for Bunge (BG-NYSE)?

There are various reports this morning that its bid for the American agricultural trading group Bunge is becoming interesting as rival agricultural major ADM has apparently entered the fray. The Bunge share price rose 11.4% with decent volume on Friday.

Philip Morrish

Value Indicator - UK Main Market 16092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 16092019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 09092019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 09092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target providers

Philip Morrish

Value Indicator - UK Main Market 02092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

MarketLine Department

Harsco Corp - Strategy, SWOT and Corporate Finance Report

Harsco Corp - Strategy, SWOT and Corporate Finance Report Summary Harsco Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Harsco Corp (Harsco) is a provider of industrial services and engineered products. The company serves to major industries such as steel and metals production, construction, railways and energy. The company offers on-site services for mat...

MarketLine Department

Peabody Energy Corp - Strategy, SWOT and Corporate Finance Report

Peabody Energy Corp - Strategy, SWOT and Corporate Finance Report Summary Peabody Energy Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Peabody Energy Corp (Peabody) is one of the largest private sector coal companies in the world. It produces, markets, trades, and engages in brokerage of coal. The company’s product portfolio includes bituminous coal, sub...

MarketLine Department

Lonmin Plc - Strategy, SWOT and Corporate Finance Report

Lonmin Plc - Strategy, SWOT and Corporate Finance Report Summary Lonmin Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Lonmin Plc (Lonmin) is one of the largest producers of platinum in the world. It is engaged in the discovery, acquisition, development, and marketing of platinum group metals (PGMs), includes platinum, palladium, ruthenium, iridium, rhodiu...

MarketLine Department

Rio Tinto - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Rio Tinto Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Rio Tinto since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights Thi...

MarketLine Department

MMC Norilsk Nickel - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's MMC Norilsk Nickel Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by MMC Norilsk Nickel since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. K...

Expert Corporate Governance Service (ECGS)

Glencore - AGM 09 May 2019

Item 11: Approve the Remuneration Report The structure is acceptable as severance agreements and pension contributions meet our guidelines.  Variable remuneration serves to motivate executives and align their interests with the company's long term performance, but the Company does not have any incentive plans in place.  However, Ivan Glasenberg, the CEO and sole executive director, is Glencore's second largest shareholder (8.69% of share capital).  His shareholding serves to align his interests with the long-term interest of shareholders. Accordingly, we recommend that shareholders approve th...

Glencore International – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Short term view - GLENCORE PLC : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at 369.80 p.

Jérôme VINERIER

Analyse court terme - GLENCORE PLC : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 369,80 p.

Jérôme VINERIER

Short term view - GLENCORE PLC : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 291.90 p. The background trend would be questioned should prices rise above 338.20 p.

Jérôme VINERIER

Analyse court terme - GLENCORE PLC : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 291,90 p. La tendance de fond serait remise en cause en cas de franchissement de 338,20 p.

Valérie GASTALDY

Analyse moyen terme - GLENCORE PLC : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch