Q: What is your opinion of AG First Majestic Silver. Looking at the questions you last had one in 2023.
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5i Research Answer:
Revenues have nearly doubled over the last year and the company has about $200 mln in net cash supported by positive operating cash flows. Momentum has been good and while the valuation has expanded to 27X forward earnings, the growth the company is seeing helps to justify the valuation. Strong silver prices should supprt shares as well. Overall we think it looks like a decent name for silver exposure.