3 Gold Stocks on the Move
European stimulus measures send metal buyers into a frenzy
Gold Stocks on the Move: New Gold (NGD)
Click to Enlarge New Gold (NGD), with operations in the United States, Canada, Australia and Chile, saw its shares drop 25% between March and April to test lows set last December.
The company’s fundamentals remain solid, beating earnings estimates back on April 30 on a low all-in cash cost of $674 per ounce — resulting in strong free cash flow.
At the very least, I’m looking for a retest of the February-March highs, which would be worth a 16% gain from here. I’m adding NGD to my Edge Sample Portfolio.
Article printed from InvestorPlace Media, http://investorplace.com/2014/06/3-gold-stocks-move/.
©2017 InvestorPlace Media, LLC