Proactive Investors
16 Oct 2026, 01:11 UTC · 1h ago
Glencore earns UBS Buy rating as copper growth strengthens outlook
Impact · against what's priced in
Glencore receives a positive catalyst from UBS's initiation of coverage, highlighting a significant structural shift toward copper and potential for increased shareholder returns from 2027. Pathos Communications shows growth momentum via AI scaling and recurring revenue, though its impact is smaller. Overall, the news suggests an undervalued position for Glencore relative to peers.
- GLEN+0.50
No priced-in read yet
- In context
UBS's price target of A$13.40 implies 19% upside, supported by a projection that copper's earnings contribution will grow from 32% next year to over 50% by 2030.
Read from the article alone
Search tags
