What Happened After Jim Cramer Talked About These 13 Stocks

3. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Fund Holders: 44

Cramer discussed Barrick Gold Corporation (NYSE:GOLD) in a one-on-one with CEO Mark Bristow, during a time when gold prices were surging but gold miners weren’t getting any love from the market. Cramer pushed back on Wall Street’s skepticism, emphasizing Barrick’s cost discipline and long-term production outlook:

“In the last few months, the price of gold has just skyrocketed, but the stocks—the gold miners—they really haven’t kept up at all. Take Barrick Gold, the Canadian producer of gold and copper, that’s one of the best operators in the industry. While gold prices are up 13% year-to-date, Barrick’s stock is actually down 9%. That’s because Wall Street’s been very worried about higher production costs, but as I mentioned a few weeks ago, the stock is trading as though nobody believes these higher gold prices can stick. […]

I think it’s a heck of a lot cheaper to mine gold by buying back your stock than it is to mine gold by taking those big machines and getting gold out of the ground. […]

I stay a believer. I think that people don’t like the stocks sometimes—they love the bullion. Then sometimes it’s the other way.”

Over the past year, the stock has gained 14.20%.

When asked about it on April 21^st, Cramer reiterated that he likes gold stocks, saying:

“A gold company is, I mean, I hate to just say this because it really doesn’t take a weatherman to know which way the wind blows, does it? But gold, I think, is going higher still. And Barrick Gold has a lot more room to run. I think it’s doing better. Like, you know, I wish they weren’t so far flung. Agnico’s doing better than they are, but I think GOLD is a good place to be.”