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Actionable news in AG: FIRST MAJESTIC SILVER CORP,

First Majestic Silver (AG) Stock Slumps on Bearish Kerrisdale Note

NEW YORK (TheStreet) -- Shares of First Majestic Silver (AG) were dropping on heavy trading volume mid-Thursday afternoon following a bearish note from Kerrisdale Capital saying that while the stock's valuation is "up in the clouds," the Vancouver-based mining company offers "no silver lining."

"As precious-metal prices have rebounded, First Majestic has gotten a new lease on life, rising 268% year-to-date - an increase eight times larger than that of silver," the firm said.

The "speculative frenzy" on the stock may have "gone too far," Kerrisdale added.

Valuation for First Majestic is...


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