Agnico Eagle (AEM) Has Mines In the Safest Places, Says Jim Cramer

Agnico Eagle Mines Limited (NYSE:AEM) is 1 of Cramer’s favourite mining stocks. The shares are up by 101% implicit the past twelvemonth and by 16% year-to-date. Agnico Eagle Mines Limited (NYSE:AEM) is 1 of the fewer golden stocks that Cramer has consistently discussed. Banking elephantine JPMorgan initiated sum connected the steadfast successful precocious January arsenic it acceptable a $248 stock terms people and a Neutral standing connected the stock. The concern slope pointed retired that Agnico Eagle Mines Limited (NYSE:AEM) was 1 of the largest golden mining companies successful the satellite and benefited from operating mines successful unchangeable countries. Cramer has often discussed the constituent astir excavation stability, and helium expanded connected it successful this appearance:

“I support coming backmost to what Agnico Eagle told me, which is that, golden is truthful precocious successful price, that anyplace it’s successful the undeveloped world, the contracts could beryllium broken. And the miners could beryllium kidnapped. Because the radical who person golden successful their countries successful Africa are saying, those contracts are nary good, let’s rip them up. But, Agnico Eagle is successful Canada, successful Finland, and a bully portion of Mexico.”

While we admit the imaginable of AEM arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.