---
title: "New Buy Rating for Glencore (GLNCY), the Basic Materials Giant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285161737.md"
description: "Glencore received a Buy rating and a $16.90 price target from Berenberg Bank analyst on May 1. The company’s shares closed yesterday at $15.22.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glencore with a $16.90 average price target."
datetime: "2026-05-05T06:16:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285161737.md)
  - [en](https://longbridge.com/en/news/285161737.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285161737.md)
---

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

Glencore received a Buy rating and a $16.90 price target from Berenberg Bank analyst on May 1. The company’s shares closed yesterday at $15.22.

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glencore with a $16.90 average price target.

### Related Stocks

- [GLNCY.US](https://longbridge.com/en/quote/GLNCY.US.md)
- [GLEN.UK](https://longbridge.com/en/quote/GLEN.UK.md)

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