New Gold Inc. (NYSE:NGD) is one of the stocks Jim Cramer recently discussed. A caller who bought NGD shares around $1.70 a year ago and has seen the price rise to the mid-$6 range asked for Cramer’s thoughts on the stock’s recent performance. In response, he said:
“Look, I have to tell you, if it’s gold, it’s going higher. You know, I’m a believer, I’ve been saying it over and over. Gold’s a great place to be, but my favorite is Agnico Eagle. My second is Newmont Mining.”
Photo by Gold-bar-jingming-pan on Unsplash
New Gold Inc. (NYSE:NGD) is a mining company focused on the development and operation of properties that produce gold, silver, and copper. During a July episode, a caller inquired about the stock during the lightning round, and Cramer replied:
“It’s okay. I mean, why not buy Agnico Eagle? That’s the one I really, really like. They’re doing so well. Let’s go with that, Agnico.”
While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
