Reported 28 days ago
J.P. Morgan has identified AngloGold Ashanti PLC (NYSE:AU) as its top gold pick in the EMEA region, replacing Fresnillo PLC due to operational challenges, despite a positive gold price outlook. The firm raised its December 2026 price target for AngloGold from $58 to $63 per share, citing strong anticipated Q2 gold production and solid free cash flow. Conversely, Fresnillo faces cost pressures due to the strengthening Mexican peso, raising concerns about its investment potential.
Source: YAHOO