0614 GMT - Glencore should use some of its internal cash flows and funds from asset sales to boost shareholder returns through dividends and share buybacks, Berenberg analysts write. They say the commodities giant should sell the Kazzinc asset in Kazakhstan while gold prices are helping to drive better returns and explore the sale of 5%-10% of its marketing business. They say these actions could drive a higher rating for the company without having to consider a move of its main listing from London, which the company is reviewing. Berenberg has initiated coverage of the stock with a buy rating and 380 pence target price. Shares closed Monday at 315.30 pence. (ian.walker@wsj.com.)
(END) Dow Jones Newswires
March 11, 2025 02:15 ET (06:15 GMT)
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