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FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP

FIRST MAJESTIC SILVER CORP

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AG trade ideas

AG making SILVER the next GOLDTicker: AG Key data: * Market cap: $2.2b * Dividend yield: 0.25% Execution metrics: * Entry: $7.30 * TP: $8.09 * SL: $5.61 Profit paths: * Buy shares at market open * Nov8 $7 call Technical Support: * Money flow: Positive * POI: pivot point * Justification: Closing higher. Failed to break support. Fresh supply to test above Fundamental Support: * Analyst 1Y target: $7.25 * Next earnings: Nov 7 2024 * Justification: strong YoY revenue gains, short term and long term assets > liabilities
NYSE:AGLong
by ChartVZN
1
SILVER SHORT via AG (WORST RUN MINER IN THE GAME) FUNDAMENTAL - Price of Silver aside, AG is an incredibly poorly run miner. From mass share dilution to disastrous acquisitions I can not think of a more poorly run company. The stock price speaks for itself... sitting near the lows of the year despite silver at recent highs. SILVER - Silver has been behaving very weak in relation to Gold. Unless we break out above 31.50-32.50 I see Silver continuing to be range bound at best. There are many reasons for this. Mainly indications from strong correlations that I will not mention (secret sauce). TECHNICALS - The price is at a solid supply level (6.20) and has already began dramatic impulses to the downside at any hint of Silver rolling over. In addition we have divergence on the RSI. DISCLAMER: No Neumeyers were hurt in the making of this post
NYSE:AGShort
by TheSilverOracle
My TOP10 picks list in (Silver & Gold) Mining companies 2/10Now that cryptocurrencies are taking a breather and that GOLD is making new ATH after new ATH, it is time to come back to my list of Minining Company Picks. First Majestic has 2.4 B MarketCap and is a mostly pure silver producing Blue Chip Mining Stock. First Majestic Silver Corp are a silver focused emerging major with four producing mines in Mexico and USA, one mine in development in Mexico and three exploration properties. Currently they produce roughly 22.0Moz. of silver per year. They have approximately 630Moz. of silver in the reserves. The technical set up of this stock looks truly amazing: after breaking down of the rising bullish wedge, has been forming a bullish wedge for 3 years. Recently it broke out of this bullish descending wedge, backtested the brekout and formed a bullish hammer on the 6M (halph year chart) !!! I cannot overstate how bullish this set up looks to me !! First Majestic Silver is one of my biggest Mining Positions in my portfolio. There is no doubt in my mind that this stock will trade into triple digits in the following years !!
NYSE:AGLong
by Dangermousebanana