9 Stocks on Jim Cramer’s Radar

5. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Fund Holders: 44

A caller asked what Cramer thought of Barrick Gold Corporation (NYSE:GOLD), and he replied:

“A gold company is, I mean, I hate to just say this because it really doesn’t take a weatherman to know which way the wind blows, does it? But gold, I think, is going higher still. And Barrick Gold has a lot more room to run. I think it’s doing better. Like, you know, I wish they weren’t so far flung. Agnico’s doing better than they are, but I think GOLD is a good place to be.”

Barrick Gold (NYSE:GOLD) explores, develops, produces, and sells gold and copper. The company also explores for silver and energy-related materials and handles their sale. Ariel Investments stated the following regarding the company in its Q4 2024 investor letter:

“Lastly, gold mining company, Barrick Gold Corporation (NYSE:GOLD) fell following an investor day where management reduced five-year guidance for gold production and raised cost estimates. Meanwhile, a dispute with the African government of Mali and associated negative headlines created an overhang on shares. Despite ongoing uncertainty, management remains laser focused on upgrading its mining operations and broadly improving efficiencies amid today’s rising prices for precious metals. The company also continues to prioritize capital returns to shareholders via dividends and share repurchases. At current valuation levels, we believe the risk/reward is priced in.”