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3 Gold Stocks on the Move

European stimulus measures send metal buyers into a frenzy

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Gold Stocks on the Move: New Gold (NGD)

New Gold NGD stock gold stocks
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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.

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