Newmont Corporation (NYSE:NEM) is one of the stocks in focus in Jim Cramer’s latest lightning round. A caller asked about the near- and long-term outlook for the company, noting its recent performance and the impact of declining interest rates on gold’s attractiveness compared to other investments. Cramer replied:
“Look, I think Newmont is excellent. I do prefer Agnico Eagle, but Newmont is absolutely fine. Those are the two, my two favorite golds.”
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Newmont Corporation is a mining company focused on gold production and exploration, while also developing resources in copper, silver, zinc, lead, and other metals. ClearBridge Investments stated the following regarding Newmont Corporation in its second quarter 2025 investor letter:
“Our largest new position during the quarter was Newmont Corporation, a gold and precious metals miner. In addition to adding a level of insulation against further deterioration of the U.S. federal debt situation, as gold prices would likely rally, Newmont’s ability to generate free cash flows has tracked gold prices higher — a fundamental tailwind that has not yet been captured at its current valuation. Newmont has also initiated a strategic plan to return capital to shareholders and pay down its debt.”
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This article is originally published at Insider Monkey.