It’s taken a while, but a goldmine
stock, a Baron’s pickup, has finally started doing what we thought it would — and it’s not too late to buy one.
Back in September, we argued that the price of gold could bounce back and that Newmont (ticker: NEM) was cheap, both factors that would ultimately help propel the stock higher. Shares didn’t do much at first, falling 4.5% when we picked it up at its low point in early March. This can be blamed on the price of gold, which rose marginally, but did not necessarily help as the economy looked set to turn around and investors favored riskier assets.