Jim Cramer Recommends Pan American Over First Majestic

First Majestic Silver Corp. (NYSE:AG) is one of the stocks on Jim Cramer’s radar. When a caller inquired about the company during the lightning round, Cramer stated:

“Okay. I like silver. First Majestic, not familiar with. The one that I’ve always recommended is Pan American because it’s been profitable for a very long time. PAAS, that’s the one you want to be in.”

First Majestic Silver (NYSE:AG) is engaged in the acquisition, exploration, and production of silver and gold, and its operations are focused on several large-scale mining projects. On July 10, H.C. Wainwright increased its price target on the company stock from $11.50 to $12.75. The firm maintained a Buy rating on the stock as it pointed toward adjustments to its internal price outlook as the basis for the revision. Moreover, on June 24, National Bank analyst Don DeMarco raised First Majestic Silver’s (NYSE:AG) price target to C$14 from C$13, but the analyst maintained a Sector Perform rating on its shares.

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Disclosure: None. This article is originally published at Insider Monkey.