What Did Jim Cramer Say About These 19 Stocks Recently?

11. Agnico Eagle Mines (NYSE:AEM)

Number of Hedge Fund Holders: 54

Jim Cramer turned his attention to gold, a sector that has seen renewed interest as the price of the precious metal creeps back toward all-time highs. He singled out Agnico Eagle Mines (NYSE:AEM), which surged to a new record high during the trading session. Cramer had the company’s CEO on the show and praised the company for its strong cost control and efficient operations:

“First of all, congratulations! These numbers are extraordinary. Your costs are totally under control. The numbers that you’re producing, the cash flow that you have, all excellent.”

Cramer noted that gold mining is a notoriously difficult business, with many companies struggling to keep costs in check despite rising gold prices. However, he emphasized that Agnico Eagle has managed to deliver an impressive operating margin, far superior to its competitors:

“I’ve been in love with a gold company, and then the costs got so bad or something went wrong that they ended up not making that much money. Your operating margin is extraordinary, far better than all the other companies I deal with.”

Cramer also touched on a hot debate: gold versus Bitcoin. While Bitcoin has been called “digital gold” and has surged in value, Cramer argued that gold remains the ultimate store of value, especially in uncertain times:

“One of the things that I’ve struggled with, and so does Chairman Jay Powell, is that [Bitcoin] is a store of value for some people and for other people it’s a trade. Whereas everyone knows that gold is a store of value.”