Brokers rate 2 ASX All Ords rippers of 2025: Is their phenomenal run over?

S&P/ASX All Ords Index (ASX: XAO) shares rose by 7.11% and delivered total returns, including dividends, of 10.56% last year.

That was slightly higher than the benchmark S&P/ASX 200 Index (ASX: XJO), which rose 6.8% and returned 10.32%.

Earlier this month, we covered the five best-performing ASX All Ords shares for capital growth in 2025.

A number of stocks, not just the top five, more than tripled in value last year.

Here, we look at whether the experts think there is any room for further price growth in 2026 from two of these stocks.

Can these 2 ASX All Ords shares maintain their trajectory?

The following ASX All Ords shares rose by more than 200% in 2025.

Can they stay on this incredible upward trajectory?

Pantoro Gold Ltd (ASX: PNR)

The Pantoro share price rose 220% to close at $4.89 on 31 December.

Today, the Pantoro Gold share price is $5.48, up 0.64%.

Like all ASX All Ords gold shares, Pantoro benefited from the astounding 65% gold price rally last year.

Gold has continuing tailwinds, including interest rate cuts, geopolitical tensions, and strong central bank buying worldwide.

Pantoro is optimising its 100% owned Norseman Gold Project in the Eastern Goldfields of Western Australia.

Norseman’s total mineral resource is 4.8Moz. 

Pantoro bought a stake in Norseman in 2019 and merged with its joint venture partner in 2023 to achieve 100% ownership.

Over the past seven years, Pantoro has defined ore reserves of 958,000 ounces.

It has also built a new gold processing plant capable of producing 1.2Moz per annum, and recommenced production across the open pit and underground operations.

Over the past fortnight, three brokers reiterated their buy ratings on Pantoro Gold shares and raised their 12-month price targets.

Ord Minnett lifted its target from $6.40 to $7.30.

Canaccord Genuity increased from $7.30 to $7.50.

Goldman Sachs raised its target from $6.80 to $8.

Clearly, these brokers think this ASX All Ords gold share has more room to run.

Core Lithium Ltd (ASX: CXO)

This ASX All Ords lithium share leapt 206% to finish 2025 at 28 cents per share.

On Tuesday, the Core Lithium share price is 26 cents, down 8.9%. There is no news from the company today.

Core Lithium shares have benefited from a rebound in lithium commodity prices since mid-2025.

The global oversupply that killed lithium prices in 2023 is now over, and demand for batteries and electric vehicles is higher.

Analysts at Trading Economics say the lithium carbonate price is now at a two-year high.

Core Lithium’s flagship Finniss Project was put into care and maintenance in early 2024 due to weak lithium prices.

However, the miner released a restart plan last year and says it will only take a month to resume production.

However, it can’t reopen the mine without new financial partners.

Core Lithium raised its ore reserve estimate for the Grants deposit by 33% to 1.53Mt at 1.42% Li2O last year.

Last week, Canaccord Genuity reiterated its buy rating on this ASX All Ords lithium share.

The broker lifted its share price target from 27 cents per share to 40 cents per share.

This implies a potentially large upside of 35% this year.

Goldman Sachs is much less optimistic.

Earlier this month, the broker reiterated its hold rating and increased its price target from 14 cents to 18 cents.

This suggests a 30% share price decline is on the cards.

The post Brokers rate 2 ASX All Ords rippers of 2025: Is their phenomenal run over? appeared first on The Motley Fool Australia.

More reading

• One of the ASX’s biggest losers today. What is happening at Core Lithium?
• Up 365% since April, should you buy the recent dip in Core Lithium shares?
• Why EOS, Humm, Pantoro Gold, and Robex shares are dropping today
• Up 211% in a year, guess which ASX 200 gold share just announced new high-grade results
• Silver, lithium, and critical minerals commodities book double digit gains in just one week

Motley Fool contributor Bronwyn Allen has positions in Core Lithium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.