We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. Newmont Corporation is one of the stocks Jim Cramer recently discussed.
Newmont Corporation is an American gold mining company headquartered in Colorado. Its shares have gained 88% year-to-date as the firm has benefited from higher gold prices leading to strong earnings reports. Newmont Corporation’s second-quarter earnings pushed the stock to its highest level in three years after the firm’s $5.32 billion in revenue and $1.43 in earnings per share beat analyst estimates. Cramer discussed the firm’s recent cost-cutting push and its share price performance:
“[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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Cramer had previously discussed Newmont Corporation in April. Here is what he said back then after a caller inquired about buying the shares:
“Alright, well, let me go over the alternatives here. First, you can own a gold mutual fund or a gold junior mutual fund, which has a lot in the hopper, so to speak. You can buy gold, the actual ingots or bullion, or buy it from Costco.”
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This article is originally published at Insider Monkey.
