Tuesday broker round-up
15th Sep 2020 13:47
(Sharecast News) - Glencore: RBC Capital Markets upgrades to outperform with a target price of 240.0p
Read moreSector movers: Aerospace and Defence walloped by break-out in Sterling, Miners higher
1st Sep 2020 16:12
(Sharecast News) - Aerospace and defence names were at the bottom of the pile as Sterling continued its push higher, oblivious to what some observers had billed as a key week for Brexit talks between Brussels and London.
Read moreGlencore joins Fair Cobalt Alliance
25th Aug 2020 10:56
(Sharecast News) - The world's largest cobalt producer made an unexpected U-turn on Tuesday, giving its backing to artisanal miners in the Democratic Republic of Congo in a bid to assuage carmakers concerns around the ethics of its practices.
Read moreGlencore scraps $2.6bn dividend to focus on debt cuts
6th Aug 2020 07:30
(Sharecast News) - Glencore scrapped its deferred $2.6bn dividend to bolster its balance sheet as half-year profits fell on weak commodity prices and the Covid-19 pandemic but oil trading posted record profits.
Read moreGlencore lifts earnings guidance after 'very strong' marketing performance
31st Jul 2020 07:29
(Sharecast News) - Glencore reported a 15% decline in coal production in its first half on Friday to 58.1 million tonnes, which it put down to the Covid-19 related asset suspensions in Colombia, while it raised its earnings expectations for the year thanks to a "very strong" countercyclical marketing performance in the first half.
Read moreJPMorgan downgrades Ferrexpo but lifts price target
15th Jul 2020 13:05
(Sharecast News) - JPMorgan Cazenove downgraded its stance on shares of iron ore company Ferrexpo to 'underweight' from 'neutral' on Wednesday following the recent rise in the share price, as it took a look at the metals and mining sector.
Read moreMonday broker round-up
6th Jul 2020 13:59
(Sharecast News) - Softcat: Citigroup downgrades to sell with a target price of 957.0p.
Read moreTesla to use Glencore cobalt in new Gigafactories
16th Jun 2020 11:15
(Sharecast News) - Electric carmaker Tesla will be expanding its relationship with mining company Glencore and will use its cobalt in the new Gigafactories.
Read moreDeutsche Bank ups targets for miners, positive on Chinese growth
11th Jun 2020 14:23
(Sharecast News) - Analysts at Deutsche Bank hiked their target prices for a raft of miners on Thursday, despite what it termed the "clear risks and uncertainties" around Covid-19 and the outlook for global demand.
Read moreTuesday broker round-up
5th May 2020 13:27
(Sharecast News) - Stagecoach Group: Canaccord upgrades to buy with a target price of 110p.
Read moreGlencore cuts production guidance as Q1 copper output falls
30th Apr 2020 07:47
(Sharecast News) - Glencore cut its production guidance on Thursday as it posted a decline in first-quarter copper output.
Read moreMonday broker round-up
27th Apr 2020 13:54
(Sharecast News) - South32: Jefferies downgrades to underperform with a target price of 80p.
Read moreGlencore's Peru JV closes but Quebec could reopen
14th Apr 2020 07:58
(Sharecast News) - Glencore said its joint venture in Peru had halted activity in line with Covid-19 guidelines but that it was looking at options to reopen mines in Quebec.
Read moreGlencore delays decision over dividend in light of Covid-19 uncertainty
31st Mar 2020 14:41
(Sharecast News) - Glencore is to delay a decision over a potential $2.6bn dividend payout because of the current "exceptional" economic uncertainty.
Read moreGlencore outlines its coronavirus precautions
20th Mar 2020 08:12
(Sharecast News) - Glencore updated the market on its operations on Friday, saying that its "scale and diversity" meant the impact of the Covid-19 coronavirus varied by location.
Read more