Will Gold, Mining Stocks Ride A 'V-Shaped Recovery'? Analysts Say Accumulate 'Oversold Miners'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
0mins
Source: Benzinga
Market Outlook: Analysts from JPMorgan suggest that China's anticipated fiscal stimulus could lead to a "V-shaped recovery" in the metals market, encouraging investors to buy oversold mining stocks like Anglo American and Lundin Mining.
Gold as a Safe Haven: With gold prices expected to rise to $2,100 per ounce, analysts recommend stocks such as AngloGold Ashanti and Fresnillo, highlighting strong silver production forecasts and increasing demand for precious metals.
Analyst Views on PICK
Wall Street analysts forecast PICK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PICK 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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Current: 57.880
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Current: 57.880
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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.
