From Barchart: 2025-04-29 02:46:00

JPMorgan predicts a 60-90% upside for European and African gold miners if gold hits $4,000/oz by 2026. Demand from central banks and investors is driving the rally, with EMEA miners already up 20-50% YTD. Key drivers include a $4,100/oz gold target, EBITDA upside, and macro tailwinds.

Fresnillo is JPMorgan’s top pick with 90% price upside, trading at a low EV/EBITDA multiple and high free cash flow yield. The company’s stability and strong balance sheet make it an attractive investment under a bullish gold scenario, with a fair value of £18.50.

Hochschild Mining and AngloGold Ashanti are also rated “Overweight” by JPMorgan, offering potential for multiple expansion and earnings upgrades as gold prices rise. These companies are trading at discounts to intrinsic value and have strong growth potential in the gold market.

Investors can access real-time financial analysis of gold miners like Fresnillo using Financial Modeling Prep’s TTM Ratios API, offering insights into valuation and profitability. Valuation models like the Advanced DCF API can help analysts forecast growth and project pipelines under different gold price scenarios.

JPMorgan’s bullish outlook on EMEA gold miners is supported by ongoing central bank accumulation, global inflation, and geopolitical instability. With precious metals seen as a safe haven, EMEA miners are positioned for a re-rating compared to North American peers, presenting a high-reward opportunity for investors.



Read more at Barchart:: JPMorgan Sees Up to 90% Upside in EMEA Gold Miners…