Jaguar Mining (TSE:JAG) Reaches New 52-Week High – Here’s What Happened

Jaguar Mining Inc. (TSE:JAG)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$9.58 and last traded at C$9.41, with a volume of 94327 shares. The stock had previously closed at C$9.08.

Analyst Ratings Changes

JAG has been the subject of several analyst reports. Ventum Financial upgraded Jaguar Mining from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$4.50 to C$6.75 in a research report on Monday, November 10th. Ventum Cap Mkts upgraded shares of Jaguar Mining from a “hold” rating to a “strong-buy” rating in a 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 company’s stock. Based on data from MarketBeat.com, Jaguar Mining currently has an average rating of “Strong Buy” and an average price target of C$6.75.

Jaguar Mining Stock Performance

The company has a debt-to-equity ratio of 3.07, a current ratio of 1.82 and a quick ratio of 1.02. The stock’s 50 day simple moving average is C$7.33 and its two-hundred day simple moving average is C$5.94. The stock has a market cap of C$775.02 million, a P/E ratio of -45.45 and a beta of 3.31.

Jaguar Mining (TSE:JAG) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$47.35 million for the quarter. Jaguar Mining had a return on equity of 11.72% and a net margin of 19.26%. As a group, research analysts forecast that Jaguar Mining Inc. will post 0.4742807 EPS 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. The company is a long-term producer, having been in continuous production since 2006, with plans to significantly grow production over the next few years.