---
title: "Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295078510.md"
description: "Barclays analyst Ian Rossouw maintained a Buy rating on Glencore (GLEN) with a £6.35 price target, citing his strong track record in the Basic Materials sector. This follows a recent Buy recommendation from Goldman Sachs, while UBS kept its Hold rating on the stock."
datetime: "2026-08-06T08:40:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295078510.md)
  - [en](https://longbridge.com/en/news/295078510.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295078510.md)
generator: "portal-rs"
---

# Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant

Barclays analyst Ian Rossouw CFA maintained a Buy rating on Glencore today and set a price target of £6.35.

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Rossouw CFA covers the Basic Materials sector, focusing on stocks such as South32, Anglo American, and Antofagasta. According to TipRanks, Rossouw CFA has an average return of 12.9% and a 58.84% success rate on recommended stocks. 

In addition to Barclays, Glencore also received a Buy from Goldman Sachs’s Sahar Islam in a report issued yesterday. However, today, UBS maintained a Hold rating on Glencore (LSE: GLEN).

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## Related News & Research

- [Abcourt Mines expands Glencore senior secured debenture to USD 40 million](https://longbridge.com/en/news/297814376.md)
- [Glencore reaches new milestone at all-electric Sudbury copper mine](https://longbridge.com/en/news/298085805.md)
- [Glencore took US$480 million provision on Radiant World exposure: sources](https://longbridge.com/en/news/297410870.md)
- [Absa adjusts strike prices on structured notes after Glencore special dividends](https://longbridge.com/en/news/298038923.md)
- [Abcourt Mines issues 46,943,333 warrants to Glencore at C$ 0.12 exercise price](https://longbridge.com/en/news/297799235.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**