First Majestic: On Sale After the Pullback — I’m Taking a Long Position
First Majestic (AG) has retraced sharply from a $32 52-week high after a metal-price driven selloff and geopolitically amplified headline risk. The business remains a pure-play Mexican silver producer with improving production cadence, manageable leverage and positive free cash flow. I believe the market has overshot on macro risk; I’m initiating a…