Gold Could Hit $4,000 - JPMorgan Sees This Miner Rallying 60-70%
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
JPMorgan's Investment Shift: JPMorgan has shifted its top pick in gold mining from Fresnillo to AngloGold Ashanti, citing strong performance and potential for significant upside as gold prices are expected to reach $4,000 an ounce by mid-2026 due to steady demand from central banks and investors.
AngloGold's Growth Potential: AngloGold is projected to generate substantial free cash flow and possibly a 6% dividend yield, with ongoing growth initiatives and a favorable leverage profile, positioning it well to benefit from rising gold prices.
Analyst Views on IAU
Wall Street analysts forecast IAU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IAU is USD with a low forecast of USD and a high forecast of 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.
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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.
