Jim Cramer on New Gold: "If it's Gold, it's Going Higher"

New Gold Inc. (NYSE:NGD) is one of the stocks Jim Cramer recently discussed. A caller who bought NGD shares around $1.70 a year ago and has seen the price rise to the mid-$6 range asked for Cramer’s thoughts on the stock’s recent performance. In response, he said:

“Look, I have to tell you, if it’s gold, it’s going higher. You know, I’m a believer, I’ve been saying it over and over. Gold’s a great place to be, but my favorite is Agnico Eagle. My second is Newmont Mining.”

New Gold Inc. (NYSE:NGD) is a mining company focused on the development and operation of properties that produce gold, silver, and copper. During a July episode, a caller inquired about the stock during the lightning round, and Cramer replied:

“It’s okay. I mean, why not buy Agnico Eagle? That’s the one I really, really like. They’re doing so well. Let’s go with that, Agnico.”

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Disclosure: None. This article is originally published at Insider Monkey.