Jim Cramer Says "Newmont is Real, Real Good"

Newmont Corporation (NYSE:NEM) is one of the stocks Jim Cramer was recently asked about. A caller asked if the stock is a buy, given that analysts are raising price targets. Cramer commented, “I like Newmont. Now, I do like Agnico better, but Newmont is real, real good.”

Newmont Corporation (NYSE:NEM) is a mining company that produces and explores gold, while also seeking copper, silver, zinc, lead, and other metals. Cramer mentioned the stock during the October 24 episode of Squawk on the Street. He said:

“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.