Mining Stocks to Buy: First Majestic Silver (AG)
Click to Enlarge First Majestic Silver (AG) is popping out of a downtrend going back to August as it crosses over its 200-day moving average — a level that it hasn’t spent much time above since late 2012.
The company, based in Canada, operates mines in Canada and Mexico and a silver trading operation in Europe. Management expects silver production to increase between 19% and 25% this year.
A return to the August high would be worth a 45% move from here.