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Fly News Breaks for May 14, 2018
AG
May 14, 2018 | 07:26 EDT
As noted earlier, BMO Capital analyst Ryan Thompson upgraded First Majestic to Market Perform from Underperform and raised his price target to CAD 9 from CAD 7.50. The analyst says the San Dimas mine agreement announced last week supports his investment thesis through "accretive cash flow and net present value metrics", but adds that the stock looks fully priced at current levels. Thomson still recommends that investors consider First Majestic for exposure to "above-average leverage to a rising silver price."