Jim Cramer on Agnico Eagle: "These Guys Can Make a Killing"

Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently offered insights on. Cramer noted that it is a “Cramer fave,” as he remarked:

“What do we make of the spectacular rally in the price of gold, taking in above $4,000 an ounce for the first time in history? I always tell you to have some gold in your portfolio, yes, I am a gold bug, as a kind of insurance against inflation or currency devaluation, or just economic chaos. And this year, that insurance policy has paid off. Gold’s up 54% for the year. But you know what? You’ve done much, much better if you own certain gold miners. Take Cramer fave, Agnico Eagle Mines, up blistering 117% year to date. These guys have a bunch of low-cost mines coming online in the not-too-distant future. In other words, as long as gold prices stay high, I mean, these guys can make a killing.”

Agnico Eagle Mines Limited (NYSE:AEM) explores, develops, and produces precious metals, primarily gold, along with silver, zinc, and copper.

While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.