Barrick Mining Corporation (B): “Focus On Copper And Gold,” Says Jim Cramer

We recently published 8 Stocks That Jim Cramer Recently Talked About. Barrick Mining Corporation (NYSE:B) is one of the stocks Jim Cramer recently discussed.

Barrick Mining Corporation (NYSE:B) is a Canadian mining company that primarily extracts and sells gold and copper. The firm’s shares have gained 34% year-to-date since US fiscal uncertainty has boosted the gold price, while positive analyst coverage has injected optimism into the firm’s prospects. One such analyst report came from CIBC in June when it raised the share price target to $24 from $22. Cramer discussed the need to analyze Barrick Mining Corporation (NYSE:B) with respect to copper prices:

“Barrick I want to just, I got to find out about copper, whether we can get enough at what point do you try to switch and make it so you can get even more copper. Focus on copper and gold. Dr. Bristol will probably tell me that, he won’t tell me I don’t know what I’m doing cause he did that about 15 years ago. But, I do know that he has a good idea about what to break. . .”

Previously, he commented on Barrick Mining Corporation (NYSE:B)’s relationship with gold prices:

“A gold company is, I mean, I hate to just say this because it really doesn’t take a weatherman to know which way the wind blows, does it? But gold, I think, is going higher still. And Barrick Gold has a lot more room to run. I think it’s doing better. Like, you know, I wish they weren’t so far flung. Agnico’s doing better than they are, but I think GOLD is a good place to be.”

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Disclosure: None. This article is originally published at Insider Monkey.