First Eagle Investment (Trades, Portfolio) has recently expanded its investment portfolio with the addition of shares in MAG Silver Corp (MAG). On December 31, 2023, the firm executed an addition of 642,494 shares in the Canadian mining company, bringing its total holdings to 6,380,120 shares. This transaction reflects a 0.02% impact on First Eagle's portfolio and positions the firm with a 6.20% stake in MAG Silver Corp. The shares were acquired at a price of $10.41 each, indicating a strategic move by the investment firm to capitalize on the potential of MAG Silver Corp within the metals and mining sector.
Both precious metals should have enormous upside potential and be in the focus of investors. Perhaps the Fed-s next rate hike will be lower. The consequence would probably be a weaker US dollar and declining bond yields. Investors should then turn more to precious metals again. But this is not yet the case. The silver price has also been showing some strength recently. An ounce of silver currently costs just under 20 U.S. dollars. The investment outflows from silver have stabilized, the stocks