Jim Cramer Says Barrick Gold (GOLD) Has ‘A Lot More Room to Run’

From Yahoo Finance: 2025-04-26 10:17:00

In a recent article, we compared Barrick Gold Corp (NYSE:GOLD) to other top stocks to watch ahead of May. Aswath Damodaran of NYU Stern School of Business warned against reactionary investing, stating that daily responses to news cycles can harm portfolios. Damodaran also emphasized the importance of not giving up on ‘Mag 7’ companies.

Damodaran suggested that investors may have been better off disconnecting from daily events in April to avoid reactive investing. He noted that the flexibility and adaptability of companies like the ‘Mag 7’ can be advantageous in turbulent times. Despite the trauma of April, he advised against hasty portfolio decisions.

Wall Street analysts have identified 10 stocks worth watching as April comes to a close. The article highlights hedge fund sentiment for each stock, noting that mimicking top hedge fund picks can outperform the market. The newsletter’s strategy, selecting 14 stocks quarterly, has returned 373.4% since May 2014, surpassing its benchmark by 218 points.

Jim Cramer expressed positivity towards Barrick Gold Corp (NYSE:GOLD), noting the potential for growth in the gold market. Ariel Focus Fund’s Q4 2024 investor letter highlighted challenges for GOLD following an investor day, including reduced production guidance and cost estimates. Despite uncertainties, management focuses on efficiency and shareholder returns.

While Barrick Gold Corp (NYSE:GOLD) ranks 10th on the list of top stocks to watch, the focus remains on under-the-radar AI stocks with potentially higher returns. An AI stock has shown significant gains in 2025, contrasting popular AI stocks that have dropped. For investors seeking promising AI stocks trading at low multiples, a report on the cheapest AI stock is recommended.

Read more: Jim Cramer Says Barrick Gold (GOLD) Has ‘A Lot More Room to Run’