First Majestic Silver

FR-T

TSE:FR

13.77
0.63 (4.38%)
First Majestic Silver Corp. is a Canadian silver mining company that operates in Mexico. The Company has five producing mines under its control; La Encantada Silver Mine, La Parrilla Silver Mine, San ...
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Analysis and Opinions about FR-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
December 30, 2019
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.
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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.
BUY
BUY
November 6, 2019
A high quality stock run by a hard-working CEO he admires. When silver moves up, FR will be a bellweather.
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A high quality stock run by a hard-working CEO he admires. When silver moves up, FR will be a bellweather.
Rick Rule

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Price
$13.350
Owned
Unknown
SHORT
SHORT
August 16, 2019
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.
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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.
WATCH
WATCH
July 16, 2019
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.
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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.
PAST TOP PICK
PAST TOP PICK
April 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.
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(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.
PAST TOP PICK
PAST TOP PICK
June 22, 2018

(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.

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(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.

TOP PICK
TOP PICK
April 3, 2018

This should be trading much higher. They just acquired Primero Mining and upgraded resources estimate with production rising. Costs remain steady. Has enjoyed a great run since 2015. Great entry point now. (Analysts' price target $11.16)

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This should be trading much higher. They just acquired Primero Mining and upgraded resources estimate with production rising. Costs remain steady. Has enjoyed a great run since 2015. Great entry point now. (Analysts' price target $11.16)

DON'T BUY
DON'T BUY
March 5, 2018

Silver producer in Mexico. It trades at a premium but he does not feel it is justified. There are better and cheaper silver names to own. They will have to invest quite a bit in an acquisition they just made. It will take about a year.

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Silver producer in Mexico. It trades at a premium but he does not feel it is justified. There are better and cheaper silver names to own. They will have to invest quite a bit in an acquisition they just made. It will take about a year.

Jon Case

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Price
$7.340
Owned
Unknown
COMMENT
COMMENT
December 22, 2017

In the past, this has had very strong seasonality from approximately from the middle of December right through until the end of February. This year nothing happened. We are not getting the normal seasonality you would expect. (See Top Picks.)

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In the past, this has had very strong seasonality from approximately from the middle of December right through until the end of February. This year nothing happened. We are not getting the normal seasonality you would expect. (See Top Picks.)

COMMENT
COMMENT
May 8, 2017

As long as the economy remains as strong as it is, then these stocks will be okay. Unfortunately it does not have any fair market value left in it so you have to have more bullion pricing there. We have to wait for the Fed to stimulate the economy.

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As long as the economy remains as strong as it is, then these stocks will be okay. Unfortunately it does not have any fair market value left in it so you have to have more bullion pricing there. We have to wait for the Fed to stimulate the economy.

DON'T BUY
DON'T BUY
March 8, 2017

The information on the chart for 2016 is very disturbing. It had a sharp selloff after its big rally, with a very poor recovery. He would stay away.

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The information on the chart for 2016 is very disturbing. It had a sharp selloff after its big rally, with a very poor recovery. He would stay away.

WAIT
WAIT
October 28, 2016

He does not specifically follow this one but the first one he would look at would be SLW-T. He thinks of silver with the trend being dominated by gold and it would be a bit better in a good economic period. In the short term we are not looking good for a rate increase and it will look better in the wedding demand period in the spring.

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He does not specifically follow this one but the first one he would look at would be SLW-T. He thinks of silver with the trend being dominated by gold and it would be a bit better in a good economic period. In the short term we are not looking good for a rate increase and it will look better in the wedding demand period in the spring.

COMMENT
COMMENT
August 11, 2016

His suspicion is that all the smaller silver stocks are ahead of themselves. Because of its liquidity, his inclination is to employ trailing stops if you own it. If you like the junior sector, you might be well advised at this point to be in a silver or small gold miner ETF, so that liquidity can be spread across the number of names.

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His suspicion is that all the smaller silver stocks are ahead of themselves. Because of its liquidity, his inclination is to employ trailing stops if you own it. If you like the junior sector, you might be well advised at this point to be in a silver or small gold miner ETF, so that liquidity can be spread across the number of names.

Rick Rule

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Price
$23.800
Owned
Unknown
COMMENT
COMMENT
July 26, 2016

This is silver, and almost exclusively focused on Mexico. You have to have a view on silver. His view is pretty agnostic between silver and gold. They both should be driven by these monetary fears that are driving precious metals at the moment. In silver, he sees more supply growth in the next few years, which means demand is going to have to really step up to take that supply in without the price going down. He sees better supply/demand fundamentals in gold. Also, silver producers are typically way more expensive than gold producers, typically trading at a 50% premium. In silver, this company would be at the very, very expensive end of the spectrum.

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This is silver, and almost exclusively focused on Mexico. You have to have a view on silver. His view is pretty agnostic between silver and gold. They both should be driven by these monetary fears that are driving precious metals at the moment. In silver, he sees more supply growth in the next few years, which means demand is going to have to really step up to take that supply in without the price going down. He sees better supply/demand fundamentals in gold. Also, silver producers are typically way more expensive than gold producers, typically trading at a 50% premium. In silver, this company would be at the very, very expensive end of the spectrum.

COMMENT
COMMENT
July 8, 2016

Silver has been outperforming gold to a degree. Also, silver is a commercial product as well as a precious metal. If you want to be a little risky and take a shot, it is worth a try.

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Silver has been outperforming gold to a degree. Also, silver is a commercial product as well as a precious metal. If you want to be a little risky and take a shot, it is worth a try.

Showing 1 to 15 of 48 entries