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.”

Photo by Gold-bar-jingming-pan on Unsplash

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.”

While we acknowledge the risk and potential of NGD 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 NGD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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