Jim Cramer Didn't Hold Back When Dicsussing Newmont (NEM)'s Earnings

We recently published 10 Latest Stocks Jim Cramer Talked About. Newmont Corporation (NYSE:NEM) is one of the stocks Jim Cramer recently discussed.

Newmont Corporation (NYSE:NEM) became a part of the discussion as Cramer and co-host Carl Quintanilla discussed gold prices. When discussing gold miners, Cramer has repeatedly praised Agnico Eagle. In this appearance, he commented on Newmont Corporation (NYSE:NEM)’s latest earnings report and again stressed that Agnico Eagle was the right stock to play gold prices. Newmont Corporation (NYSE:NEM)’s third-quarter earnings report last week saw it warn that fourth-quarter free cash flow would be weak due to spending. Cramer didn’t hold back when commenting on the earnings report:

“Now people are saying, listen, Newmont’s down bad. Well Newmont’s all in sustained, costs, is much higher than Agnico. And in this quarter was even worse. Now I like the Newmont guys in general, but their free cash flow was down 8% primarily due to a decrease in net cash provided by operating activities as a result of unfavorable working capital impact. Meaning, in other words, we screwed up. Okay so forget them. I think that you wanna go with Agnico. They are really on fire. What a great company.”

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