Gold Price Forecast Soars To $2,800 By 2025 On Market Shift: Analysts
Portfolio Pulse from Stjepan Kalinic
UBS has raised its gold price forecast to $2,800 per ounce by 2025, driven by macroeconomic uncertainty, geopolitical risks, and increased gold allocations. UBS also predicts a surge in M&A activity in the gold mining sector and has upgraded price targets for Northern Star, Genesis Minerals, and SSR Mining. Additionally, UBS has raised its silver price forecast due to rising industrial demand and potential undersupply.
June 05, 2024 | 1:49 pm
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POSITIVE IMPACT
UBS has increased Genesis Minerals' price target from $2.00 to $2.30, reflecting a bullish outlook on gold prices and potential M&A activity in the gold mining sector.
The upgrade in Genesis Minerals' price target is based on UBS's positive gold price forecast and the expectation of increased M&A activity in the gold mining sector, which could positively impact Genesis Minerals' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UBS has raised Northern Star's price target from $15.00 to $18.50, driven by a positive outlook on gold prices and potential M&A activity in the gold mining sector.
The increase in Northern Star's price target is due to UBS's optimistic gold price forecast and the expectation of heightened M&A activity in the gold mining sector, which could benefit Northern Star's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UBS has upgraded SSR Mining's price target from $8.00 to $10.20, reflecting a bullish outlook on gold prices and potential M&A activity in the gold mining sector.
The upgrade in SSR Mining's price target is based on UBS's bullish gold price forecast and the expectation of increased M&A activity in the gold mining sector, which could positively impact SSR Mining's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80