Daily Stock Opinions and Ratings

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Jim Cramer - Mad Money Barrick Gold Corp ABX-N BUY Apr 08, 2024

His go-to gold name because of the CEO. Gold stocks haven't been hitting new highs like gold itself. Last February they reported an earnings beat and inline revenue and production, but shares got hammered over higher production costs. More of their gold comes from North America where labour costs are higher; they used to have more mining in cheaper Latin America. Also, guidance may be too cautious. Shares are finally starting to catch up to the gold price; same goes with many gold stocks.

Jim Cramer - Mad Money

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BUY

He's buying the March 24 50 calls. It's one of the big winners in the minerals space. Up 3% today.

WEAK BUY

Gold has been trading badly in this down market. Barrick is the best operator, has the best assets, the CEO is great, and it pays a 4% dividend, but gold is an insurance play.

COMMENT

It's the gold stock to buy, though gold has not been a great investment this year. You have to be a gold bug to buy Barrick.

COMMENT

Is breaking out now, pays a 3% yield. A fine CEO, but can't make heads or tails of it.

DON'T BUY

Can't recommend gold stocks now, unless it's a very small portion of your portfolio.

DON'T BUY

It's been disappointing, despite a good CEO. He's looking at Agnico-Eagle in the gold space.

DON'T BUY

Very disappointed. Gold has made a big run lately, but Barrick hasn't done much. The best thing about it is its 2.5% dividend. That's it.

BUY

Though shares have been weak and costs have risen (4-6% for gold and 9-11% copper), he still believes in this. Gold prices are up 13% this year, but ABX is down 9%. Barrick is getting its costs under control as it boosts production this year.

BUY

Gold is going higher and so will this.

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