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"Share price forecast in USD. The 18 analysts offering 12 month price targets for Glencore PLC have a median target of 609.33, with a high estimate of 736.80 and a low estimate of 460.61. The median estimate represents a 23.80% increase from the last price of 492.20".
"In 2021, Glencore PLC reported a dividend of 0.26 USD, which represents a 116.67% increase over last year. The 15 analysts covering the company expect dividends of 0.54 USD for the upcoming fiscal year, an increase of 105.77%."
http://www.chinadaily.com.cn/a/202208/04/WS62eb28f0a310fd2b29e703e7.html
should
buy and sell OPTI in the past as it had some great up and down swings. I've bought a few over the last couple of weeks as the estimated earnings look as if they may actually appear this time. They did themselves no favours with past RNS's (misleading) where they spoke about selling in to a market worth billions, which in reality they had no share of.
drop lower, but drip feed into buying JLP should prove a long term bonus...."Copper bulls identify a silver lining to the current sell-off, suggesting that it will make miners reluctant to sanction new projects that will be needed later in the decade as the world shifts to cleaner forms of power ). A study published by S&P Global this week concluded that demand for copper will double over the next decade, from 25mn tonnes today to 50mn by 2035, because of its uses in electric vehicles, charging infrastructure, solar panels, wind turbines and batteries." (a pink newspaper today).
There are other holdings (not mineral related) such as Scottish Mortgage Trust SMT, PCT, ATT which are buyable at big discounts to their NAV, as well as many solid companies that are cheap, for those with available cash. Although the stars do not appear to be aligned as yet, when the market moves up it will be a rush,
"Australia’s minerals exports are set to reach unseen heights for a second year, as a global crunch lifts the value of the nation’s coal and natural gas". Todays Bloomb... report. Well Glencore will be quid's in with the coal. Those with spare cash are able to buy a great company at bargain basement prices.
P/E 12m Forecast Rolling of 4.4. Revenue expected to be up 37% in 2022 compared to last year.
There was bound to be a rally after such a large drop; suspect that longer term GLEN will come out ok as they are still making plenty of cash. "Glencore is a cash machine and dirty coal helps. It will generate half its market value in free cash flow in less than three years, says Deutsche Bank".
despite sp fall over the last 12 months, the numbers for SLP are good, with a handsome dividend as well: -
157% increase in share price over 3 years.
800% increase in share price over five years.
107% compound annual growth rate of cashflow over 5 years.
96% Compound annual growth rate of earnings per share over 5 years.
"The 17 analysts offering 12 month price targets for Glencore PLC have a median target of 599.56, with a high estimate of 769.70 and a low estimate of 470.33. The median estimate represents a 30.00% increase from the last price of 461.20".