This target price is way to lowFrom The Gold Report:
CL: First Majestic has earned the re*****tion of being a very solid operator in Mexico. I'd say none of its assets there are exceptionally high grade, but the company does a very good job maximizing cash flow from its portfolio of mines. It, too, is in the process of making changes, lowering G&A costs, etc., to improve its outlook. We like First Majestic because it has one of the best growth profiles within the silver sector, it has a strong operating track record and it has overall cash costs that are slightly better than average.
TGR: What are your target price for First Majestic?
CL: First Majestic is CA$14,
The Gold Report
Or cut and paste:
https://www.theaureport.com/pub/na/15510?utm_source=delivra&utm_medium=email&utm_campaign=TGR+Final+streetwise-reports+08%2F12%2F2013+14%3A11%3A30