---
title: "Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291510336.md"
description: "RBC Capital analyst Ben Davis maintained a Buy rating on Glencore (GLEN) with a £600 price target, while shares closed at £512.30. Davis, a 4-star analyst in the Basic Materials sector, has a strong track record. The broader analyst consensus for Glencore remains a Moderate Buy, with an average price target of £644.09."
datetime: "2026-07-02T06:35:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291510336.md)
  - [en](https://longbridge.com/en/news/291510336.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291510336.md)
generator: "portal-rs"
---

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

RBC Capital analyst Ben Davis maintained a Buy rating on Glencore yesterday and set a price target of p600.00. The company’s shares closed yesterday at p512.30.

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According to TipRanks, Davis is a 4-star analyst with an average return of 16.9% and a 56.44% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Ecora Royalties PLC, Rio Tinto, and Sibanye Stillwater.

Currently, the analyst consensus on Glencore is a Moderate Buy with an average price target of p644.09.

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## Related News & Research

- [Glencore’s planned Australian debut draws interest as investors look past coal](https://longbridge.com/en/news/296185455.md)
- [South Korea’s Eximbank backs Glencore with $1B loan to secure copper for AI](https://longbridge.com/en/news/296057160.md)
- [Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/293994201.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**