Up 25% in 3 months! Now check out the Glencore share price and dividend forecast for the next year
Image source: Getty Images
The Glencore (LSE: GLEN) share price has a habit of making hay while the sun shines. When the global economy is booming, and demand for metals and minerals is high, the stock can fly. Natural resources is a highly cyclical sector, so when growth and sentiment dip, Glencore shares can fall even faster. It’s been down in the dumps for several years but suddenly I’m seeing signs of a recovery. Is the cycle now swinging back in its favour?
While the FTSE 100 commodity stock is still up 62% on five years ago, it’s down 35% over three, with a 4% dip in the last year. Profits have been volatile. Glencore posted $4.28bn of net income attributable to equity holders in 2023, but swung to a…
