---
title: "New Buy Rating for Glencore (GLEN), the Basic Materials Giant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284878158.md"
description: "Barclays analyst Ian Rossouw maintained a Buy rating on Glencore (GLEN) with a price target of £6.25. Rossouw has an average return of 13.1% and a 57.39% success rate on stock recommendations. Glencore also received a Buy rating from HSBC's Shilan Modi, while Goldman Sachs maintained a Hold rating on the stock."
datetime: "2026-05-01T08:45:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284878158.md)
  - [en](https://longbridge.com/en/news/284878158.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284878158.md)
---

# New Buy Rating for Glencore (GLEN), the Basic Materials Giant

Barclays analyst Ian Rossouw CFA maintained a Buy rating on Glencore today and set a price target of £6.25.

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Rossouw CFA covers the Basic Materials sector, focusing on stocks such as Glencore, First Quantum Minerals, and South32. According to TipRanks, Rossouw CFA has an average return of 13.1% and a 57.39% success rate on recommended stocks.

In addition to Barclays, Glencore also received a Buy from HSBC’s Shilan Modi in a report issued on April 14. However, yesterday, Goldman Sachs maintained a Hold rating on Glencore (LSE: GLEN).

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