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LON:GLEN

Glencore PLC

OPPORTUNISTIC BUY 2026-08-08 Data 35 days old 565.60p Basic Materials - Industrial MaterialsAWAIT ENTRY
ACTIONABLEMethodology gates passed
55

Position levels

Currenttoday
565.60p
Buy <=wait / entry
446.67p
Trim >=take some off
580.00p
Thesis breakA further explicit cut to copper production guidance by Glencore management, sus...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case23%100 / 10023.0
Base case47%62 / 10029.1
Bear case30%10 / 1003.0
Weighted conviction55 / 100 - OPPORTUNISTIC BUY

Top risks

  • Copper production guidance cut to 810-870 kt from prior 930 kt figure due to mine-plan changes at Collahuasi
  • Earnings estimates lifted modestly from $0.39 to $0.40 per share
  • Analyst price targets range from 483.36 GBX to 765.39 GBX with consensus near 568.5 GBX
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.