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Glencore plc (JSE: GLN) | SHARE PRICE

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

Glencore plc is a multinational Anglo-Swiss commodity trading and mining company listed on the Johannesburg Stock Exchange (JSE) that was created through a merger of Glencore with Xstrata in May 2013.

Glencore plc stock is live on the JSE under the stock symbol of GLN and is available to trade via various brokers in South Africa.

What is Glencore plc

Glencore plc is a leading integrated producer and marketer of commodities, comprising  metals and minerals, energy products and agricultural products.

The history of Glencore plc can be traced back to 1974 when the company was founded.


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Glencore plc

Today, Glencore plc has a diversified portfolio of products and services in more sectors of the Basic Materials value chain and renders the following services: production and marketing of copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminium, tin, and iron ore. Glencore plc is also engaged in the oil exploration/production, distribution, storage, and bunkering activities; and offers coal, crude oil and oil products, refined products, and natural gas.

Glencore plc markets and distributes physical commodities sourced from third party producers and its production to industrial consumers in the battery, electronic, construction, automotive, steel, energy, and oil industries. Glencore plc also provides financing, logistics, and other services to producers and consumers of commodities.

Glencore plc's equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol GLN.

Glencore plc has its headquarters at Baarermattstrasse 3, P.O. Box 1363, Baar 6341, Switzerland.

Glencore plc has more than 145,000 employees and currently serves clients in areas including Americas, Europe, Asia, Africa, and Oceania.

The current CEO of Glencore plc is Gary Nagle.

Glencore plc forms part of the Mining Industry and the Basic Materials Sector of the Johannesburg Stock Exchange (JSE).

Glencore

Glencore plc Stock Performance

The current price for Glencore plc stocks on the Johannesburg Stock Exchange (JSE) is 79.70 ZAR.

An analysis of financial data of Glencore plc showed that the company has a total market capitalisation of 1.06 Trillion ZAR, with a Price/Earning ratio of 17.10 and earnings per share of 4.6894 ZAR. The dividend per share of GLN was 2.33 ZAR and its dividend yield was 2.91 %. A total of 13.2 Billion shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Glencore plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Glencore plc, analysts forecast further improved performance for the Basic Materials sector with market share growing as trading volumes increase.

Highlights of Glencore plc in 2021

Glencore plc started the current financial year (2021) with a share price of 46.83 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 71.2 % in value on its price valuation, ranking 59th on the JSE with its year-to-date performance.

Glencore plc is currently the 10th most-traded stock on the JSE and it has experienced a total trading volume of more than 357 million shares, which were finalised in 214,137 deals and were valued at a total of 25.6 billion ZAR over the recent three month period from August to November 2021, with an average of 5.66 million shares in each trading session.

During the same period a volume high of 15.2 million was achieved on 28 September and a low of 1.16 million on 30 August.

How to buy Glencore plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade Glencore plc stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “GLN”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.