Daily Stock Opinions and Ratings

Opinions

Jaime Carrasco First Majestic Silver FR-T PAST TOP PICK Apr 16, 2019

(A Top Pick Apr 03/18, Up 3%) A premier silver producer in Mexico. Low production costs and well-managed. Should do well long-term given its ridiculous value, but now this sector isn't attracting much interest from, say, pension funds. Those funds should flow back in at some point.

Jaime Carrasco

Owned

Unlock Rating

$8.090

Stock price when the opinion was issued

precious metals

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

PAST TOP PICK

(Past Top Pick, April 3, 2017, Up 29%) Best leveraged stock to the price of silver. It's a low-cost producer with high reserves in the ground. Great management in Mexico. Silver will do better than gold. This should do extremely well.

WATCH

It's still not breaking out above $12, but if it does then it's good news. Huge. The longer the base, the greater the case, which could happen here after three years of a base.

SHORT

Tons of leverage to this overpriced stock, because they have high-cost mines. He's short this stock. The next leg in precious metals will send higher-quality projects will outperform. There are better stocks than this.

BUY

A high quality stock run by a hard-working CEO he admires. When silver moves up, FR will be a bellweather.

DON'T BUY

It is not his favourite precious metals stock because it has a pretty high cost basis. They are getting their act together from an operational basis. He was shorted but it broke out and he covered.

TOP PICK

Fantastic company. Produces the most silver of companies with a market cap of over 1B. 56% of revenues come from silver, really high. Well situated in US and Mexico. Longer term, there will be a huge deficit due to demand from EVs, solar panels, infrastructure build out. Beaten up, but tends to be strong from now till February and can run to March/April. Yield is 0.17%. (Analysts’ price target is $20.72)

PAST TOP PICK

(A Top Pick Dec 23/21, Down 16%) Mainly silver. Had some lumpiness but operations on target now. Expecting 30 million ounces of silver equivalent in 2023. Should do well as a major silver producer. In response to a question re gold and silver he prefers gold as more stable.

BUY

It is one of the highest quality names in silver. However silver is a very volatile commodity and you shouldn't be aggressive with it. You could take a small position now and then wait for the higher moves which should start in October. Smaller moves could happen from now into July.

BUY

Laggard. Attractive entry point. Silver as a commodity is seeing higher highs and higher lows. Really likes the potential of silver longer term, especially for a Santa Claus rally.

Most Recent Experts

Lyle Stein

Forvest Global Wealth Management

Stockchase Insights

5i Research

Jenny Harrington, CEO, Gilman Hill Asset Management

Gilman Hill Asset Management

Kevin Simpson

Capital Wealth Planning

David Burrows

Barometer Capital Management

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Jaime Carrasco First Majestic Silver FR-T PAST TOP PICK Apr 16, 2019

You might be interested:

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

First Majestic Silver(FR-T)

Popular Articles

Most Recent Experts

Lyle Stein

Stockchase Insights

Jenny Harrington, CEO, Gilman Hill Asset Management

Kevin Simpson

David Burrows