Small Cap Consumer Research analyst Eric Beder maintains Betterware de Mexico SAB (NASDAQ:BWMX) with a Buy and lowers the price target from $30 to $15.
Just past the west Texas border into Chihuahua, Mexico is one of the largest silver mines in the country. Further south, an even larger silver mine resides in Zacatecas.
Mexico is by far the world’s leading producer of silver, boasting 5,600 metric tons in 2021 versus the number two producer, China, which netted 3,400 metric tons in the same year.