Newmont Corporation (NEM) “Finally Got It Right,” Says Jim Cramer

We recently published 8 Stocks Jim Cramer Discussed As He Dismissed Value Stocks. Newmont Corporation is one of the stocks Jim Cramer recently discussed.

Newmont Corporation has started to become somewhat of a regular feature of Cramer’s morning show. Its shares have gained 97% year-to-date primarily due to exposure to gold prices. Global economic uncertainty has pushed gold higher this year, and Newmont Corporation is one of Cramer’s top stocks in the mining sector. Newmont Corporation’s shares have gained a strong 20% since August start as gold prices started to touch record high prices. Cramer praised Newmont Corporation’s recent earnings performance, through which its $5.32 billion revenue and $1.43 in earnings beat analyst estimates. Here is what Cramer said about the firm:

“I really like that, I mean Newmont, chronic misser, they finally got it right.”

Cramer recently heaped praise on Newmont Corporation. Here is what he said:

“[On a cost cutting push] Even though they’re one of the best performing stocks in the S&P 500 and they feel like they need to make that cutback. That’s a very good company.”

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This article is originally published at Insider Monkey.