Jaguar Mining (TSE:JAG) Reaches New 12-Month High – What’s Next?

Jaguar Mining Inc. (TSE:JAG) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$7.65 and last traded at C$7.53, with a volume of 63887 shares. The stock had previously closed at C$7.30.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Ventum Financial upgraded shares of Jaguar Mining from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$4.50 to C$6.75 in a research note on Monday, November 10th. Ventum Cap Mkts raised shares of Jaguar Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$6.75.

Jaguar Mining Stock Up 0.3%

The stock’s fifty day moving average is C$6.32 and its two-hundred day moving average is C$5.04. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 3.07. The firm has a market cap of C$624.11 million, a P/E ratio of -36.60 and a beta of 3.02.

Jaguar Mining (TSE:JAG) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. Jaguar Mining had a net margin of 19.26% and a return on equity of 11.72%. The firm had revenue of C$47.35 million for the quarter. As a group, research analysts anticipate that Jaguar Mining Inc. will post 0.4742807 earnings per share for the current year.

About Jaguar Mining

Jaguar Mining Inc is a Canadian-listed junior gold mining, development and exploration company operating in the Iron Quadrangle, a prolific greenstone belt located in Minas Gerais, Brazil. Jaguar owns three gold mining complexes, and a large land package with significant upside exploration potential.