Jaguar Mining (OTCMKTS:JAGGF) Shares Gap Up – What’s Next?

Shares of Jaguar Mining Inc. (OTCMKTS:JAGGF) gapped up before the market opened on Wednesday . The stock had previously closed at $5.63, but opened at $6.0534. Jaguar Mining shares last traded at $6.0750, with a volume of 8,368 shares changing hands.

Jaguar Mining Price Performance

The firm’s 50 day simple moving average is $5.58 and its two-hundred day simple moving average is $4.46. The firm has a market capitalization of $491.95 million, a P/E ratio of -30.37 and a beta of 0.94.

Jaguar Mining (OTCMKTS:JAGGF) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $33.81 million during the quarter, compared to analysts’ expectations of $51.68 million. Jaguar Mining had a positive return on equity of 3.72% and a negative net margin of 10.83%.

Jaguar Mining Company Profile

Jaguar Mining (OTCMKTS:JAGGF) is a Canada-based junior gold producer, development and exploration company with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company is listed on the TSX Venture Exchange and trades in the United States on the OTCQX Best Market. Jaguar’s principal objective is to build a mid-tier gold producer through the optimization of its existing asset base and the continued exploration of its extensive land package in a historically gold-rich district.

Jaguar Mining’s core operations comprise three underground gold mines—Turmalina, Caeté and Pilar—each supported by on-site milling and processing facilities employing carbon-in-leach (CIL) technology.