Jim Cramer Recommends Agnico Eagle Over Harmony Gold Mining (HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) is one of the stocks Jim Cramer looked at recently. During the lightning round, when a caller asked about the stock, Cramer remarked:

Harmony’s good. Look, I’m an Agnico guy, and you see… We have Agnico Eagle, what a solid stock that is. What a great story that is. That’s the one I want you to be in.

Harmony Gold Mining Company Limited (NYSE:HMY) explores, extracts, and processes different kinds of mineral deposits, primarily gold, silver, copper, and uranium. On February 3, the company announced that it expects “solid financial performance” for the six months ending December 31, 2025, due to high gold prices and strong free-cash-flow. During Q2 FY2026, operations at Hidden Valley faced challenges from a mill motor failure in addition to a deferred gold shipment, and while mining grades met expectations, recovered grades suffered from lower metallurgical recoveries and a cyanide shortage in South Africa.

Jim Cramer Recommends Agnico Eagle Over Harmony Gold Mining (HMY)

Pixabay/Public Domain

Nevertheless, Harmony Gold Mining Company Limited (NYSE:HMY) expects to meet its full-year production guidance of 1.4 million to 1.5 million ounces at an all-in-sustaining cost (AISC) of between R 1,150,000/kg to R 1,220,000/kg (1 South African Rand = $0.063), with underground recovered grades above 5.8g/t.

While we acknowledge the risk and potential of HMY 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 HMY 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.