First Majestic Silver (AG) has asked Canada’s Mexican ambassador to intervene in an escalating $209 million tax dispute, reports Reuters.“We’ve been trying to get somebody to the table to finally put this behind us,” First Majestic CEO Keith Neumeyer told Reuters. The company owns seven silver mines in Mexico and wants ambassador Graeme Clark to set up a meeting with President Lopez Obrador so the dispute can be resolved.According to Neumeyer, Mexican tax authorities have rejected three settlement offers, leading the Vancouver-based company to commence a trade challenge last month.Meanwhile President Lopez Obrador recently stated that some Canadian miners are behind on their tax payments. He has asked the Canadian government to put pressure on these miners to prevent the matter proceeding to international tribunals.Shares in AG have plunged 25% year-to-date, and analysts have a cautiously optimistic take on the stock’s outlook. Its Moderate Buy Street consensus breaks down into 3 buy ratings vs 5 holds, while the $10 average analyst price target indicates 8% upside potential lies ahead.Speaking for the bulls, HC Wainwright analyst Heiko Ihle reiterated his First Majestic buy rating on June 12 with a $10.50 price target.He made the call after AG announced an agreement to purchase a stream on 50% of payable silver from the Springpole project in Ontario, Canada for $22.5 million in cash and shares from First Mining Gold Corp.Springpole maintains a compelling precious metal resource with long-term production potential and is located in a geopolitically safe jurisdiction, the analyst told investors.“We believe that this acquisition provides First Majestic with a potentially de-risked revenue source, as the company has no ongoing operational obligations, and the transaction may ultimately yield incremental returns in an improving silver market” Ihle wrote.Thanks to this new silver stream he now believes that First Majestic’s exposure to an upward trending silver price will span beyond its currently producing assets in Mexico. (See AG stock analysis on TipRanks).Related News: AT&T Mulls $4 Billion Sale Of Gaming Division- Report American Express Scores China Go-Ahead In Milestone Moment E-Signature Pioneer DocuSign To Join Nasdaq-100 Next Monday More recent articles from Smarter Analyst: * KKR-Led Consortium Buys 6% Stake In Vietnam’s Vinhomes For $650 Million * Eli Lilly Leaps 13% On Positive Results For Its Verzenio Breast Cancer Therapy * iQIYI Pops 35% In Pre-Market On Report Tencent Seeks To Buy Big Stake * First Horizon, IberiaBank Get U.S. Regulatory Nod For Merger

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Dave Portnoy spurred a new generation of retail traders, but the Barstool Sports founder said Monday on CNBC's "Fast Money" he can't be responsible for the actions of others.'Barstooling It': The rise in retail trading activity is in part due to Portnoy branding himself as "Davey Day Trader." His newfound popularity in the trading universe is merely a function of "doing something the financial community hasn't seen before and making it fun," Portnoy said."We are 'Barstooling' it, we are making hype videos, we are getting behind it, we are live-streaming it," he said. "And I think a lot of the old-time guys just don't know what the hell is going on with us so they don't know what to make of us."See Also: Are Robinhood Retail Traders Fueling The Rally? It Depends Who You Ask'Clear What We Are': Portnoy makes it "clear what we are" and admits he has no "great knowledge" of stocks. If retail investors follow his actions and potentially lose money on a rare penny stock mention, he "can't be held responsible for total idiots."Portnoy has made some profitable trades among well-known brands, including personally buying and recommending Spirit Airlines Incorporated (NYSE: SAVE) near $8 per share. Anyone who took his advice is sitting on a hefty profit with the stock trading north of $20. The stock needs to "crash significantly for about a week straight" to erase all of the gains."People have to make decisions for themselves, obviously," he said. "If you want to jump on, you jump on. The facts are I'm not going to feel bad when I have like 400% returns since I started doing this."See Also: Dave Portnoy Trades And Entertains, But Whitney Tilson Says He's Reminiscent Of The 'Proverbial Shoeshine Boy'The Buffett Call: Billionaire investor Warren Buffett has been buying and selling stocks for decades, but Portnoy has no ambition to follow suit. He said once the COVID-19 pandemic is over, he needs to return to his "pretty busy job" at Barstool Sports.In the meantime, Portnoy said it's factually correct to say he 's outperforming Buffett after loading up on airliner stocks near the bottom: "because I am."Buffett is also pushing 90 years old so even claiming he is past his prime shouldn't be seen as an insult, Portnoy said."I have said all along, he is the greatest investor of all time," he said. "But right now, in this market, I'm doing better."Top Stock Pick: Davey Day Trader's top pick in this current environment: Smith & Wesson Brands Inc (NASDAQ: SWBI). Photo screenshot via CNBC.See more from Benzinga * Ex-SEC Chief Pitt Surprised At Investor Gullibility, Says They're Buying 'Garbage' * McDonald's Serves Up April, May Metrics, COVID-19 Update * What Data From Yelp And OpenTable Tells Us About The State Of Restaurants(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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