Agnico Eagle Mines Limited (AEM) Is "A Very Good Company," Says Jim Cramer

We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently discussed.

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company. Its shares have gained 69% year-to-date to make the firm one of the top-performing stocks on the market. The firm, like its peers, has benefited from strong earnings reports, which have seen it post record profit and free cash flow. High gold prices have pushed Agnico Eagle Mines Limited (NYSE:AEM)’s shares higher, and Cramer commented on the firm as he discussed American gold miner Newmont Corporation:

“[On Newmont’s 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, I do prefer Agnico Eagle, that’s been, I think the one that you want to buy. The CEO of Agnico Eagle, really, incredibly smart consolidator and has all in safe places, which does matter.”

Here are Cramer’s previous thoughts about Agnico Eagle Mines Limited (NYSE:AEM):

“The price of gold has been on an incredible run this year, but some of the gold miners have done even better. Take Agnico Eagle Mines, my favorite, the Canadian company, that’s one of the best operators in space, maybe the best. Here’s a stock that’s up almost 58% for the year, going into its earnings report last night, so expectations, I’d say pretty sky high, but Agnico Eagle still delivered a terrific top and bottom line beat with a stunning level of free cash flow generation. If the stock hadn’t been up already so much, I think it would’ve just skyrocketed. Still, it finished at 0.80% up.”

While we acknowledge the potential of AEM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.