DON'T BUY
Glencore
Bidding for Teck Resources

First, the deal needs board approval, then Ottawa's approval. He doesn't buy commodities. GLEN has a (dirty) thermal coal business and Teck has a coal-for-steel business. Teck feels (and he agrees) that it doesn't make sense to combine these two coal businesses.

conglomerate
TRADE
Glencore
It has exposure to the mining industry and also contains a trading business so hard to analyze. Likely to remain cheap.
conglomerate
WATCH
Glencore

Trades on the Pink Sheets, which can be very expensive. He says 40-42% of the EBITA is exposed to batteries. He has generally been under weighted in materials as the sector has underperformed. He would give this time to watch. He likes the house, just not the neighbourhood.

conglomerate
HOLD
Glencore

Had a near-death experience because of debt, and it took a change in commodity prices for it turn. If bullish on industrial commodities, this is one you could continue to own. Has a lot of hidden assets.

conglomerate
COMMENT
Glencore

It has not been without its volatility. They deleveraged in Jan/Feb this year. They continued deleveraging and if you look at them now they are one of the more unique global diversified resource plays. They are trying to conserve cash, pay off debt and sell non-core assets.

conglomerate
DON'T BUY
Glencore

They are working hard to restructure their debt. It fell in September due to worries their derivative exposure would take them down. He would focus viewers on LUN-T and HBM-T.

conglomerate
DON'T BUY
Glencore

He is suspect of this company. Had tried to Short it, but was late. It had a massive rally, but is still down from the beginning of the year. He just doesn’t see going in now. They have 2 businesses. One is commodity trading that has very thin margins. They need to have a very good credit rating in order to maintain that. They have a mining business that they bought at the top of the cycle. It is difficult to see how they can maintain their credit rating while the mining cycle turns down and the commodity price falls. Has a large amount of debt.

conglomerate
DON'T BUY
Glencore

A bit of a black box. If you are looking for commodity exposure you may do ok, but there are others. It lacks transparency. Prefers others.

conglomerate
DON'T BUY
Glencore
Consolidated a lot of the metals trading over the years. Would not own it because of the logistics of buying it because it is not traded in North America. Likes them as a company. A good company.
conglomerate
COMMENT
Glencore
Biggest commodity trader globally. Making a bid for Xstrata’s commodity business as well as Viterra.(VT-T). Smart and aggressive management and therefore you are going to see things happening. If you are a believer in the longer-term bull market in commodities, then this should be one of your core holdings.
conglomerate
WATCH
Glencore
(London Stock Exchange.) Commodities. Just came out with their first stock numbers and blew the doors off. 50% increase in EBITDA and a 33% increase in earnings per share. Looks interesting but give it a while to see if it pans out and they do what they said they would.
conglomerate
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Glencore(GLEN-LN) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Glencore is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Glencore(GLEN-LN) Frequently Asked Questions

What is Glencore stock symbol?

Glencore is a OTC stock, trading under the symbol GLEN-LN on the (). It is usually referred to as or GLEN-LN

Is Glencore a buy or a sell?

In the last year, 1 stock analyst published opinions about GLEN-LN. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Glencore.

Is Glencore a good investment or a top pick?

Glencore was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Glencore.

Why is Glencore stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Glencore worth watching?

1 stock analyst on Stockchase covered Glencore In the last year. It is a trending stock that is worth watching.

What is Glencore stock price?

On , Glencore (GLEN-LN) stock closed at a price of $.