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.