Gold prices have surged to new record highs in 2025—but gold equities have yet to catch up. CFRA’s latest thematic research explains why that’s changing. With operating costs stabilizing and central banks continuing to add to their reserves, gold miners may be on the verge of significant outperformance.
This report offers an in-depth look at macroeconomic drivers, cost trends, central bank activity, and valuation analysis across leading gold miners. Discover why names like Barrick Gold, Newmont, Agnico Eagle, and Wheaton Precious Metals are now being revalued.
Don’t miss this critical outlook for institutional investors navigating inflation, global tension, and an evolving commodity landscape.
What You’ll Learn
- Why gold is likely to reach $4,000/oz amid geopolitical risk and inflation
- Which gold miners are trading at attractive valuations despite margin recovery
- How moderating cost inflation could trigger a re-rating of gold equities
- The role of central banks and de-dollarization in long-term gold demand
- Why gold equities may offer more upside than physical bullion in 2025
