Glencore stock gains 1.35 percent as UBS raises target

Published on 09/25/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Glencore stock was trading at GBp 556.40 on September 25, 2026, while UBS raised its target to GBp 650. A USD 500 million minerals reserve adds a second catalyst.

Luftaufnahme eines großen Kupfertagebaus mit Baggern und Lastwagen in der Abendsonne — Glencore plc (ISIN JE00B4T3BW64) betreibt riesige Kupfertagebauten mit schweren Muldenkippern in staubiger Bergbaulandschaft, Illustration mit AI erstellt.

Glencore stock (ISIN JE00B4T3BW64) was trading at GBp 556.40 on the London Stock Exchange on September 25, 2026, up GBp 7.40 or 1.35 percent from the prior close. The immediate market catalyst is a UBS upgrade from neutral to buy, with the 12-month target raised from GBp 620 to GBp 650.

UBS raises target to GBp 650

According to Investing.com on September 25, 2026, UBS cited a more attractive risk-reward profile after Glencore's recent decline. The broker lifted its 2026 and 2027 EBITDA estimates by 5 percent and 7 percent, respectively, mainly because of stronger Marketing earnings and coal price assumptions.

The new target is GBp 30 above the previous GBp 620 target, a 4.84 percent increase. At GBp 556.40, the target lies 16.82 percent above the intraday share price, giving the upgrade a concrete valuation reference.

Critical minerals deal adds support

A separate strategic development links Glencore to US supply-chain policy. Reuters reported on September 23, 2026, that Glencore received a USD 500 million commitment from the Export-Import Bank of the United States to create a strategic critical minerals reserve.

The reserve is intended to support sourcing, procurement and delivery of critical minerals to the United States. UBS also pointed to stronger performance in Glencore's Marketing division, rising commodity prices, copper growth visibility and potential asset disposals, while governance concerns linked to Radiant World remain a counter-factor.

Stock remains below its yearly high

The London-listed shares stood 21.27 percent below their 52-week high of GBp 707.20 on September 25, 2026. The 52-week low was GBp 330.80, placing the intraday price GBp 225.60 above that low and showing a wide trading range for the commodity group.

For investors, the key tension is between improving commodity-linked earnings assumptions and legal or governance risk. The UBS upgrade supplies a quantified earnings revision, while the US reserve commitment gives Glencore's critical-minerals strategy a government-backed commercial application.

Glencore stock trades at GBp 556.40

Glencore stock was trading at GBp 556.40 on the London Stock Exchange at 3:02 p.m. UTC on September 25, 2026. The session change was positive at 1.35 percent, while the 52-week range extended from GBp 330.80 to GBp 707.20.