Long Thesis on First Majestic Silver Corp. (AG) – Target: $6.50
Long Thesis on First Majestic Silver Corp. (AG) – Target: $6.50
Why Long?
Silver Market Strength: Expected Fed rate cuts and a weaker USD could drive silver prices higher.
Industrial Demand: Growth in green energy (solar, EVs) supports long-term silver demand.
Operational Recovery: Improved production efficiency and cost-cutting at key mines enhance profitability.
Earnings Catalyst: Potential beat on Q1 results due to higher silver prices and cost optimizations.
Conclusion
AG is positioned for a rebound with strong macro and operational tailwinds, targeting $6.50 in the near term.
Why Long?
Silver Market Strength: Expected Fed rate cuts and a weaker USD could drive silver prices higher.
Industrial Demand: Growth in green energy (solar, EVs) supports long-term silver demand.
Operational Recovery: Improved production efficiency and cost-cutting at key mines enhance profitability.
Earnings Catalyst: Potential beat on Q1 results due to higher silver prices and cost optimizations.
Conclusion
AG is positioned for a rebound with strong macro and operational tailwinds, targeting $6.50 in the near term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.