Agnico Eagle Mines Limited (AEM) Is Just Too Good, Says Jim Cramer

We recently published 8 Stocks Jim Cramer Discussed As He Dismissed Value Stocks. Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently discussed.

Agnico Eagle Mines Limited (NYSE:AEM) is one of Cramer’s top mining stocks. Its shares have gained a whopping 80% year-to-date as they have benefited from rising gold prices, which have also influenced the firm’s earnings. For instance, Agnico Eagle Mines Limited (NYSE:AEM)’s second-quarter earnings saw its adjusted operating income of $1.9 billion mark a 63% annual growth. The firm’s $980 million profit also marked an 80% growth, which makes the stock’s strong performance unsurprising.  Cramer’s previous comments about Agnico Eagle Mines Limited (NYSE:AEM) have shared that he prefers the firm over Newmont. He continued to praise this time as well:

“You want a chronic performer, is Ammar Al-Joundi’s company, Agnico Eagle, which I put on every quarter. Wow. Are they good, are they good.”

Here are his recent thoughts about Agnico Eagle Mines Limited (NYSE:AEM):

“[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.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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