Gold Price Forecast Soars To $2,800 By 2025 On Market Shift: Analysts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2024
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Source: Benzinga
- UBS Adjusts Gold Price Target: UBS forecasts a bullish trend for gold, predicting it to reach $2,800 per ounce by the end of 2025 due to macroeconomic uncertainty and geopolitical risks.
- Key Drivers for Gold Prices: Factors such as softer U.S. economic data, geopolitical uncertainties, and increased gold allocations by investors are expected to drive the rise in gold prices.
- Gold Mining Sector Outlook: UBS predicts a surge in merger and acquisition (M&A) activity in the gold mining sector due to strong balance sheets and aging assets across companies.
- Silver Price Forecast: UBS has also raised its price forecast for silver, citing rising industrial demand and potential undersupply, driven by factors like temporary mine shutdowns in Peru.
- Rising Financing Activity: Gold financing reached a four-month high in April, with increasing transactions, indicating growing activity in the gold sector.
Analyst Views on SSRM
Wall Street analysts forecast SSRM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSRM is 25.07 USD with a low forecast of 18.70 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 25.980
Low
18.70
Averages
25.07
High
29.00
Current: 25.980
Low
18.70
Averages
25.07
High
29.00
About SSRM
SSR Mining Inc. and its subsidiaries is a precious metals mining company with four assets located in the United States, Turkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Turkiye and the Americas. The Company produces gold dore as well as copper, silver, lead and zinc concentrates. Its operations consist of four mine sites-Copler, located in Erzincan Province, Turkiye (Copler), Marigold, located in Nevada, United States (Marigold), Seabee, located in Saskatchewan, Canada (Seabee), and Puna, located in Jujuy Province, Argentina. The Company also participates in exploration and development activities at properties located in the United States, Argentina, Canada and Turkiye. The Copler Property is comprised of the Copler Mine, Greater Cakmaktepe Mine, and associated processing facilities. The Company also owns Cripple Creek & Victor gold mine.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
