UPDATE: First Majestic Silver (AG) Mentioned as Short at Kerrisdale

September 1, 2016 9:29 AM EDT

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(Updated - September 1, 2016 9:33 AM EDT)

Kerrisdale mentioned First Majestic Silver (NYSE: AG) as a short idea on its website. The report said valuation is "outrageously detached from reality," and the short seller sees 70-80% downside.

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