Goldtent TA Paradise

First Majestic

1. North says:

   February 19, 2020 - 5:08 pm at 5:08 pm

   Not great, that’s for sure.

2. Steins1 says:

   February 19, 2020 - 5:18 pm at 5:18 pm

   But then again, still up 20%…..We’ll see how it shakes out?

   First Majestic Silver Breaks Even in Q4, Sets 2020 Production Targets
   BY MT Newswires
   — 9:53 AM ET 02/19/2020

   09:53 AM EST, 02/19/2020 (MT Newswires) — Canadian silver miner First Majestic Silver ( AG
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   ) broke even in Q4, an improvement from an adjusted net loss of $0.05 per share in the prior year. The average analyst estimate based on the Capital IQ poll was for a gain of $0.05.

   Revenue rose 30% year-over-year to $96.5 million from $74.1 million. That matched the Street view of CAD$127.9 ($96.6 million) from the Capital IQ survey.

   During the quarter, the company produced 6.2 million silver equivalent ounces, down 4% from 6.5 million ounces. For 2020, it expects silver equivalent production to range from 21.5 million to 24 million ounces.

   AG shares rose 1% in recent pre-market trading.

   Price: 10.05, Change: -0.08, Percent Change: -0.76

3. Aurum Maximus says:

   February 19, 2020 - 5:27 pm at 5:27 pm

   Yeah they had “meh” earnings. I fully expect them to bounce hard as silver rides. Even if I have to start a rumor that silver cures Coronavirus 🙂 Actually, I know it does it just depends if you want to die from silver toxicity or pneumonia.

4. Jim says:

   February 19, 2020 - 6:07 pm at 6:07 pm

   I would like to hear Pedro’s take on this. I studied Elliott wave for many years and consider myself a rank amateur or worse. But, could this be construed as an irregular or an expanding flat Elliott wave correction pattern which is bullish? Please someone who is far more knowledgeable than me in the art of the wave correct this thesis.