Glencore PLC
GLEN: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|bJ | LOCK|D> | LOCK|P<XRy^w |
Glencore: An Undervalued Coal Play While Underappreciated Marketing Makes Hay
Shares are down 20% in 2025 (as of June 27) due to lower thermal and metallurgical coal prices on concerns tariffs will slow economic growth and energy demand. Despite high copper prices, this has led to Glencore trailing other copper miner shares. Lower earnings also weaken the balance sheet.
