Jim Cramer Favors Agnico Eagle Mines (AEM): ‘Golds Are Working – Agnico’s the Better One’

Ramish Cheema

Sat, Apr 5, 2025, 10:49 AM 4 min read

We recently published a list of Jim Cramer Shares Stocks To Buy During Tariffs & Discusses These 10 Names. In this article, we are going to take a look at where Agnico Eagle Mines Ltd (NYSE:AEM) stands against other stocks that Jim Cramer discusses.

In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer started off by discussing President Trump’s latest tariff announcements that include a 10% levy on all imported goods and tariffs of varying levels on 60 countries. Commenting on the impact on the stocks, Cramer shared that “There’s always money to go somewhere.” He believes that the money will flow to utility companies, consumer goods manufacturers and healthcare companies as they have pricing power and are exposed to domestic US demand instead of demand for imported products.

Further commenting on the companies affected by the tariffs, he added:

“And I’m looking at. . . there’s the luckless and the lucky, and the luckless are companies that moved from China to Vietnam. China to Thailand. China to other areas where they thought they were allowed to go to. To Mexico. . . But David, there are some companies in the crosshairs that are going down. And there are some companies in the crosshairs that are going up.”

Cramer also commented on the impact of tariffs on businesses and the goal of the Trump administration. Cramer believes that the tariffs might prove to be airtight when it comes to incentivizing manufacturing in the US:

“My people that do industries say okay here’s what the tariffs were. They figured out what would make it so the only place you would want to make something is America. Wherever you go. You can’t. . it’s like Muhammad Ali, you can run, but you can’t hide. And I think that’s the ultimate goal. And the only time it would not be is if you think the dollar’s so strong that you won’t, that you’d still want to import.”

Yet, commenting on Deutsche’s report saying it was starting to worry about the dollar’s safe haven status, Cramer stated: “Well,  I think that that’s correct. That was a great note.”

Elaborating further on the impact of tariffs on businesses, Cramer outlined:

“We don’t know whether these are starting points in negotiation or whether there’s no negotiation whatsoever. It’s entirely possible there’s no negotiation whatsoever. That they just want it to be this way.”

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 3rd.

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