Saturday, September 03, 2016

Knives Are Out For Precious Metals Already

Well-known short seller targets First Majestic Silver Corp

Canadian miner First Majestic Silver Corp. has become the target of well-known short seller Kerrisdale Capital Management. The hedge fund, founded by its chief investment officer, Vancouver-raised Sahm Adrangi, called the stock "absurdly overvalued" in a new report released on Thursday. First Majestic, a Mexico-focused silver miner, has seen its shares climb nearly 250 per cent…