Buy Agnico Eagle (AEM) to Gain Exposure to Gold, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed.  Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks on Jim Cramer discussed.

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold and metals mining company. It is one of Cramer’s favorite stocks in the sector as he has positively discussed the firm several times in 2025. On December 10th, RBC Capital downgraded Agnico Eagle Mines Limited (NYSE:AEM)’s shares to Sector Perform from Outperform but raised the share price target to $205 from $185, The Fly reported. The financial firm commented that the gold miner needs heavier capital investment to achieve growth. It added that the spending could come at the expense of Agnico Eagle Mines Limited (NYSE:AEM)’s cash flow. However, Cramer believes that the miner is a great way to benefit from rising gold prices. He discussed Agnico Eagle Mines Limited (NYSE:AEM) operational safety and cost structure:

“You know I was thinking about the P/E multiple of NVIDIA and how it, has shrunk because people kind of don’t believe. . .if you want to buy gold, there’s two ways to buy gold, you can buy gold through Costco, I do that, as constantly as I can. And you can own Agnico Eagle Mines. I’m not allowed to own any individual stocks, but people have to understand, there’s, Agnico Eagle, and then there’s just everybody else. They drill and have mines and they’re low cost, in places that are safe. You’re not gonna find that people are, going to be you know going to be kidnapped in the great state of Nevada. And I just feel like people should understand, this is a Canadian company that is so well run, and has such low costs, that just stop it, if you don’t have a safety deposit box which is what you need for gold. . .buy this company.”

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