Currently viewing Global edition

Glencore "far too cheap", says Bernstein

Trader and major miner Glencore (LSE:GLEN) is trading well under its historic average valuation, and its share price could climb 70%, despite prospect of massive US fine, Bernstein says.

Glencore "far too cheap", says Bernstein Glencore "far too cheap", says Bernstein Glencore "far too cheap", says Bernstein Glencore "far too cheap", says Bernstein Glencore "far too cheap", says Bernstein

Glencore's coal and copper businesses don't get the valuation as its competitors, Gait says

Glencore has been hit by corruption investigations and the "high discounting of the coal and African copper business units", Bernstein analyst Paul Gait said.