🪙 J.P. Morgan Picks Superior Gold Stock: Barrick vs. Agnico
J.P. Morgan’s gold analyst has weighed in on two major gold miners — Barrick Mining (B) and Agnico Eagle Mines (AEM) — to identify the better gold stock pick amid ongoing bullion volatility and safe‑haven demand.
Key Facts:
• Barrick Mining: Overweight (Buy) rating with a $68 price target, driven by strong reserve base, growth projects, and organic production outlook.
• Barrick’s consensus: Strong Buy from Wall Street, with most analyst ratings being positive.
• Agnico Eagle: Neutral (Hold) rating, valued for stability and exploration upside, but seen as having fuller valuation and slower growth profile.
• Barrick’s growth catalysts include new reserves expansion and resolved production disputes that may unlock future earnings potential.
Expert Insight:
JP Morgan favors Barrick Mining as the superior pick for exposure to gold’s rally due to its combination of production pipeline, reserve base, and potential upside, whereas Agnico Eagle is strong but lacks the same near‑term catalysts in the current macrometal environment.
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