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Agnico Eagle Mines Limited (AEM) Is “A Very Good Company,” Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said SpaceX’s Starlink Internet Could Help President Trump. Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently discussed.

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company. Its shares have gained 69% year-to-date to make the firm one of the top-performing stocks on the market. The firm, like its peers, has benefited from strong earnings reports, which have seen it post record profit and free cash flow. High gold prices have pushed Agnico Eagle Mines Limited (NYSE:AEM)’s shares higher, and Cramer commented on the firm as he discussed American gold miner Newmont Corporation:

“[On Newmont’s cost-cutting push] Even though they’re one of the best performing stocks in the S&P 500 and they feel like they need to make that cutback. That’s a very good company, I do prefer Agnico Eagle, that’s been, I think the one that you want to buy. The CEO of Agnico Eagle, really, incredibly smart consolidator and has all in safe places, which does matter.”

Pixabay/Public Domain

Here are Cramer’s previous thoughts about Agnico Eagle Mines Limited (NYSE:AEM):

“The price of gold has been on an incredible run this year, but some of the gold miners have done even better. Take Agnico Eagle Mines, my favorite, the Canadian company, that’s one of the best operators in space, maybe the best. Here’s a stock that’s up almost 58% for the year, going into its earnings report last night, so expectations, I’d say pretty sky high, but Agnico Eagle still delivered a terrific top and bottom line beat with a stunning level of free cash flow generation. If the stock hadn’t been up already so much, I think it would’ve just skyrocketed. Still, it finished at 0.80% up.”

While we acknowledge the risk and potential of AEM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AEM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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