Jim Cramer Recently Offered Insights on These 11 Stocks

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7. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 52

Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently offered insights on. Cramer noted that it is a “Cramer fave,” as he remarked:

“What do we make of the spectacular rally in the price of gold, taking in above $4,000 an ounce for the first time in history? I always tell you to have some gold in your portfolio, yes, I am a gold bug, as a kind of insurance against inflation or currency devaluation, or just economic chaos. And this year, that insurance policy has paid off. Gold’s up 54% for the year. But you know what? You’ve done much, much better if you own certain gold miners. Take Cramer fave, Agnico Eagle Mines, up blistering 117% year to date. These guys have a bunch of low-cost mines coming online in the not-too-distant future. In other words, as long as gold prices stay high, I mean, these guys can make a killing.”

Agnico Eagle Mines Limited (NYSE:AEM) explores, develops, and produces precious metals, primarily gold, along with silver, zinc, and copper.

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