Friday broker round-up
17th Aug 2018 14:22
(Sharecast News) - esure: Barclays upgrades to equal weight with a target price of 280p.
Read more'Last bear in town' Liberum ups Glencore to 'hold'
17th Aug 2018 07:19
(Sharecast News) - "Last bear in town" Liberum upped its stance on Glencore to 'hold' from 'sell' on Friday, meaning there are no more 'sell' ratings around on the miner.
Read moreSector movers: Miners find a bid despite US dollar strength
13th Aug 2018 14:30
(Sharecast News) - Commodity-related stocks were on the front foot at the start of the week, buoyed by the release of data in China that appeared according to analysts at Pantheon Macroeconomics showed that the authorities had "switched stance" and that the country's central bank had been leaning on the country's banks to lend more.
Read moreGlencore lifts interim profits but not buyback
8th Aug 2018 07:13
(Sharecast News) - Glencore said it would focus on cutting debt and sustaining shareholder returns as volatile conditions continue from a half-year where the mining and commodities trading giant was beset by several lawsuits and an ongoing investigation by US authorities.
Read moreGlencore posts some decent first-half production numbers
31st Jul 2018 08:38
(Sharecast News) - Glencore issued its half-year production results on Tuesday, reporting that its own-sourced copper production of 696,200 tonnes was 53,300 tonnes or 8% higher year-on-year, with cobalt production of 16,700 tonnes being 4,000 tonnes or 31% higher.
Read moreAnglo American Platinum buys Glencore out of Mototolo joint venture
23rd Jul 2018 11:22
(Sharecast News) - Anglo American Platinum announced on Monday that its wholly-owned subsidiary, Rustenburg Platinum Mines, has signed a sale-and-purchase agreement with Glencore Operations South Africa to purchase its 39% interest in the Mototolo joint venture.
Read moreTuesday broker round-up
14th Feb 2017 09:07
(ShareCast News) - Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p. Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p. British American Tobacco: Citigroup reiterates Buy with a target price of 5600p. Glencore: Deutsche Bank reiterates H
Read moreLondon close: Blue chips, mid caps end higher as miners rally with copper prices
13th Feb 2017 17:17
(ShareCast News) - UK blue chips and mid caps chimed Monday's close on a positive note, with the latter at yet another record high, as mining-related stocks surged alongside the price of the industrial-favourite copper. Prices for the 'red metal' pushed higher at the start of the week on expectatio
Read moreGlencore buys up more of Mutanda and Katanga
13th Feb 2017 16:17
(ShareCast News) - Glencore announced on Monday that it had purchased from subsidiaries of Fleurette Properties that group's remaining 31% stake in Mutanda Mining, and an approximate 10.25% stake in Katanga Mining. The FTSE 100 firm said consideration for the Mutanda shares was $922m, and for the Ka
Read moreMorgan Stanley ups Glencore to 'overweight'
13th Feb 2017 12:29
(ShareCast News) - Glencore got a lift on Monday as Morgan Stanley upped its stance on the stock to 'equalweight' from 'underweight' and bumped the price target up to 280p from 230p, saying financial risk has mitigated and it is now on par with peers. "Reinvestment or return of excess cash is the ke
Read moreFTSE 100 movers: Rio Tinto zips higher as Reckitt Benckiser falls
10th Feb 2017 17:10
(ShareCast News) - FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser. London's top tier index closed 0.40% higher to 7,258.75 poin
Read moreCredit Suisse sees potential for copper to outperform, likes Glencore
6th Feb 2017 09:33
(ShareCast News) - Credit Suisse projected slowing copper supply growth over the medium-term following the latest quarterly production updates and guidance from the miners under its coverage, leading its analysts to single out Quantum Minerals, Lundin, Boliden and Glencore as its preferred names. Su
Read moreGlencore production in line with guidance, with suspensions in copper, zinc, coal
2nd Feb 2017 08:19
(ShareCast News) - Anglo-Swiss miner Glencore said that that its production was in line with guidance for 2016 with an increase in nickel mined and production suspended for copper, zinc, coal and oil. The FTSE 100 company maintained its production guidance for 2017. For calendar 2016, nickel produc
Read moreSector movers: Miners pace gains
24th Jan 2017 16:08
(ShareCast News) - Shares in Anglo American stood out on news that De Beers had reaped $720m in rough diamond sales from the first cycle of 2017. This was 32% ahead of the $545m in the same cycle last year and 70% up on the last cycle of 2016. Analysts at Credit Suisse said the results suggested en
Read moreSector movers: Miners higher on HSBC upgrades
16th Jan 2017 14:50
(ShareCast News) - Miners paced gains in the market following multiple upwards target price revisions from analysts at HSBC on LSE-listed copper miners and diversified miners. In the case of the former, the broker's analysts said they had raised their copper price forecast from 2017 onwards by betwe
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