$AG FIRST MAJESTIC SILVER IN BREAKOUT BUT NEEDS A RESET, BULLISH
Silver is playing catch up to the Gold breakout but that provides a opportunity to diversify, its is suggested that silver could rally a further 30% so
AG
is in a good position to benefit. Currently in phase 1 of a breakout and earnings approaching we would suggest that a reset is needed
before breaking next resistance at $10.40.
AVERAGE ANALYSTS PRICE TARGET $7.83
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including La Encantada Silver Mine; La Parrilla Silver Mine; San Martin Silver Mine; Del Toro Silver Mine; Santa Elena Silver & Gold Mine; and San Dimas Silver & Gold Mine. The company was founded by Keith Neumeyer on September 26, 1979 and is headquartered in Vancouver, Canada.
AG
is in a good position to benefit. Currently in phase 1 of a breakout and earnings approaching we would suggest that a reset is needed before breaking next resistance at $10.40.
AVERAGE ANALYSTS PRICE TARGET $7.83
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including La Encantada Silver Mine; La Parrilla Silver Mine; San Martin Silver Mine; Del Toro Silver Mine; Santa Elena Silver & Gold Mine; and San Dimas Silver & Gold Mine. The company was founded by Keith Neumeyer on September 26, 1979 and is headquartered in Vancouver, Canada.