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News  ›  Benzinga

Bank Of America's Top 3 Commodity Stock Picks For 2026

Benzinga Logo Benzinga By Piero Cingari
Bank Of America's Top 3 Commodity Stock Picks For 2026

Bank of America recommends three commodity stocks for 2026: Agnico Eagle Mines (gold), Cameco (uranium), and Freeport-McMoRan (copper). The firm forecasts gold averaging $4,538/oz (up 32% YoY), uranium at $105/lb (up 43% YoY), and copper at $5.33/lb (up 18% YoY), driven by U.S. industrial policy, a weaker dollar, geopolitical tensions, and tariff uncertainty.

Insights
AEM   positive

Bank of America set a $227 price target implying 26% upside, citing consistent execution, compelling growth potential, low-risk Canadian assets, and unwarranted share price weakness. Gold forecast of $4,538/oz represents 32% YoY growth.