Investing in lower-priced stocks that trade at an attractive valuation should help Canadians benefit from outsized gains over time. In this article, I have identified two top TSX stocks that trade under $20, which are worth buying now.
Is this TSX mining stock a good buy?
Valued at a market cap of $7.7 billion, New Gold (TSX:NGD) is engaged in the development and operation of mineral properties in Canada. New Gold, currently priced at $9.75 per share, explores for gold, silver, and copper deposits.
New Gold posted impressive third-quarter results, with consolidated production reaching approximately 115,200 ounces of gold and 12 million pounds of copper, while generating a record quarterly free cash flow of US$205 million.
The Canadian miner demonstrated strong operational momentum as all-in sustaining costs dropped substantially from US$1,391 per ounce in the second quarter to US$966 per ounce, with further reductions expected in…
