Jim Cramer on Agnico Eagle: “This Gold Stock Is so Shiny, You Need Sunglasses Just to Look at It”

Then determination are 2 contrasting storied stocks that marque terrific bookends for this segment, DraftKings and Agnico Eagle… Agnico Eagle, connected the different hand, reflects each the bully successful the satellite and past immoderate arsenic the second-largest golden miner connected earth. This golden banal is truthful shiny, you request sunglasses conscionable to look astatine it. Here’s my advice: if you don’t ain immoderate gold, wound the slug and get immoderate of this banal in, past hold for it to propulsion back. It will, but ever ain immoderate gold, particularly aft we saw that Bitcoin isn’t worthy its value successful the precious metal, oregon possibly possibly adjacent anything.

Image by Csaba Nagy from Pixabay

Agnico Eagle Mines Limited (NYSE:AEM) is simply a golden mining institution that explores for and produces precious metals, including gold, silver, zinc, and copper. Cramer discussed the institution during the January 28 episode, arsenic helium commented:

So perceive to maine archetypal astir gold… We conscionable don’t person capable of it. You deliberation that with each the miners retired there, the proviso of golden volition turn 2, 3, oregon 4% a year, right? Nope. The miners lone turn the proviso by 1%. They don’t telephone it precious for nothing. Plus, astir of the golden is successful places that are, let’s conscionable say, not truthful large for doing business. I similar Agnico Eagle, they were connected the different night, 2nd largest golden miner, due to the fact that astir each of their golden is successful Canada, a mean developed country. Now that golden has breached retired supra $5,400 an ounce, and I’m telling you, it is not done yet… Both Agnico Eagle and Barrack were up immense today. I would support the gold. I’m a golden bug from mode back.

While we admit the imaginable of AEM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the champion short-term AI stock.

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