Copper Stocks On Shaky Ground, JPMorgan Analysts Say: Tariffs, DeepSeek Cloud Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2025
0mins
Source: Benzinga
Copper Market Challenges: JPMorgan analysts indicate that copper-exposed stocks are under pressure due to trade tariffs, geopolitical risks, and fears of AI disruption, maintaining an Underweight rating on Antofagasta PLC and Boliden AB while keeping Anglo American PLC at Neutral with a Negative Catalyst Watch.
Future Outlook for Copper Demand: Despite concerns over AI impacting copper demand, JPMorgan projects growth in demand from data centers, while instability in the Democratic Republic of the Congo poses additional risks to global supply, suggesting that copper investors may face a prolonged wait for market recovery.
Analyst Views on AU
Wall Street analysts forecast AU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AU is 104.40 USD with a low forecast of 90.00 USD and a high forecast of 131.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 103.050
Low
90.00
Averages
104.40
High
131.00
Current: 103.050
Low
90.00
Averages
104.40
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in 10 countries, across four continents. The Company’s diverse portfolio includes approximately 11 operations in Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. The Company’s portfolio includes Africa, the Americas, and Australia. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). The Americas hosts three of its operations, one in Argentina and two in Brazil, as well as two greenfield projects in Colombia and a significant new greenfield development in Nevada in the United States. Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
