Jim Cramer on Barrick Mining Corporation: “I Don’t Like That, But I Do Like Agnico”

Barrick Mining Corporation (NYSE:B) is among the stocks in focus as Jim Cramer highlighted a market yearning for the status quo ante. Inquiring about the stock, a caller asked why gold has been going down. In response, Cramer said:

Gold has been a mind of its own. It trades with speculators. We had Agnico Eagle on, which is the gold stock you want to buy, and the CEO said, listen, it’s just all speculators. A lot of young people flipping in and out. I don’t like that, but I do like Agnico.

Barrick Mining Corporation (NYSE:B) focuses on the exploration, development, and production of gold, copper, silver, and energy materials. Cramer discussed the company during the April 21, 2025, episode, and said:

In the last few months, the price of gold has just skyrocketed, but the stocks—the gold miners—they really haven’t kept up at all. Take Barrick Gold, the Canadian producer of gold and copper, that’s one of the best operators in the industry. While gold prices are up 13% year-to-date, Barrick’s stock is actually down 9%. That’s because Wall Street’s been very worried about higher production costs, but as I mentioned a few weeks ago, the stock is trading as though nobody believes these higher gold prices can stick. […] I think it’s a heck of a lot cheaper to mine gold by buying back your stock than it is to mine gold by taking those big machines and getting gold out of the ground.

It is worth noting that since the above comment was aired, Barrick Mining Corporation’s (NYSE:B) share price has gained nearly 100% in value.

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