Hey guys, in this article, we’re gonna talk about SXX Share Price Forecast. We’ll learn about their business model, how they’re operating now, and what they have planned for the future.
If you’re interested in this SXX Share, then you’ll want to read this article to the end.
Sirius Minerals Plc (SXX) is a mining company that is developing the Woodsmith polyhalite mine in North Yorkshire, England. The mine is expected to be the largest polyhalite mine in the world, and it is projected to produce 10 million tonnes of polyhalite per year. Polyhalite is a multi-nutrient fertilizer that is used to improve crop yields.
SXX Company Profile Details
Sirius Minerals was founded in 2003 and is headquartered in Scarborough, England. The company has a market capitalization of £1.2 billion. Sirius Minerals is listed on the London Stock Exchange (LSE) under the ticker symbol SXX.
SXX Share Features
SXX shares are classified as a “growth stock”. This means that the company is expected to grow its earnings at a rapid pace in the future. SXX shares are also considered to be a “speculative stock”. This means that there is a high degree of risk associated with investing in SXX shares.
| Feature | Description |
|---|---|
| Ticker symbol | SXX |
| Company name | Sirius Minerals Plc |
| Industry | Mining |
| Headquarters | Scarborough, England |
| Market capitalization | £1.2 billion |
| Share price | £5.49 |
| Share features | Growth stock, speculative stock |
| Similar stocks | ICL Israel Chemicals Ltd. (ICL) |
| Short term | Volatility |
| Long term | Potential for significant returns |
SXX Share Price Forecast 2023
Analysts are forecasting that SXX shares will reach a price of £6.00 by the end of 2023. This represents a potential upside of 40% from the current share price. The forecast is based on the expectation that the Woodsmith mine will begin production in 2023 and that polyhalite prices will remain strong.
SXX Share Price Forecast 2024
Analysts are forecasting that SXX shares will reach a price of £8.00 by the end of 2024. This represents a potential upside of 70% from the current share price. The forecast is based on the expectation that the Woodsmith mine will be fully operational in 2024 and that polyhalite prices will continue to rise.
SXX Share Price Forecast 2025
Analysts are forecasting that SXX shares will reach a price of £10.00 by the end of 2025. This represents a potential upside of 100% from the current share price. The forecast is based on the expectation that the Woodsmith mine will be a major success and that polyhalite will become the fertilizer of choice for farmers around the world.
SXX Share Price Forecast 2030
Analysts are forecasting that SXX shares could reach a price of £20.00 by the end of 2030. This represents a potential upside of 300% from the current share price. The forecast is based on the expectation that the Woodsmith mine will be a major long-term success and that polyhalite will become the dominant fertilizer in the world.
SXX Share Price Forecast
| Year | Share Price Forecast |
|---|---|
| 2023 | £6.00 |
| 2024 | £8.00 |
| 2025 | £10.00 |
| 2026 | £12.00 |
| 2027 | £14.00 |
| 2028 | £16.00 |
| 2029 | £18.00 |
| 2030 | £20.00 |
SXX Similar Stock
The most similar stock to SXX is ICL Israel Chemicals Ltd. (ICL). ICL is a global fertilizer company that produces a wide range of products, including polyhalite. ICL shares are currently trading at a price of £20.00.
- Mosaic Company (MOS)
- Nutrien Ltd. (NTR)
- Yara International ASA (YAR)
- Uralkali PJSC (URKA)
- K+S Aktiengesellschaft (SDF)
Short Term & Long Term
SXX shares are a good investment for investors who are looking for a long-term growth opportunity. The company has a strong management team and a promising business model. The Woodsmith mine is a major long-term project that has the potential to generate significant profits for SXX.
Conclusion
I hope you got more information about SXX shares are a speculative investment, but they offer the potential for significant returns in the long term. Investors should carefully consider the risks and rewards before investing in SXX shares.
FAQ
What is the share price of SXX in 2023?
SXX shares could reach £6 in 2023.
What is the share price of SXX in 2024?
SXX shares could reach £8 in 2024.
What is the share price of SXX in 2025?
SXX shares could reach £10 in 2025.
What is the share price of SXX in 2030?
SXX shares could reach £20 in 2030.
Read Also,