Jim Cramer - Mad MoneyBarrick Gold CorpABXBUYApr 21, 2025

If they can extract value from shares by doing the spinoff, then that's the right move. 200-day MA is trending higher, but short-term lower lows and lower highs. The space has moved so far, so fast, he'd rather move to base metals.

See his Top Picks.

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.

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.

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.

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

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