Jim Cramer Defended American Superiority and Discussed These 13 Stocks

7. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 53

Agnico Eagle Mines Limited (NYSE:AEM) was highlighted as Jim Cramer’s favorite gold stock during a discussion about the ongoing rally in gold prices. He emphasized the company’s low-cost production, safe locations, and long-term value. Here are his remarks:

“Agnico Eagle. That’s the one. It’s got the lowest finding cost and it’s safe gold. It’s in good places. I think that you can buy them and actually do better than the price of gold. 1% of the gold each year is replenished. That’s all. So there is some scarcity value in the trade. And it remains on Costco. It’s the number one seller at Costco.”

Agnico Eagle Mines Limited (NYSE:AEM) was recently included in Jim Cramer’s list of the best stocks to buy right now in this regime. Here’s what he said about it:

“Finally, there’s gold, which is defying everyone’s target. How many people say gold’s peaking? It’s not peaking. I believe that gold is back because crypto has quietly lost its luster. […] You want gold, go with the best. You go with Agnico Eagle. It’s the most efficient producer. It’s like clockwork in an industry that frankly has it ceased to be as productive as it used to be.”