Jaguar Mining (TSE:JAG) Stock Price Up 13.6% – What’s Next?

Jaguar Mining Inc. (TSE:JAG)’s share price shot up 13.6% during trading on Tuesday . The stock traded as high as C$9.20 and last traded at C$9.10. 136,804 shares changed hands during trading, a decline of 35% from the average session volume of 210,399 shares. The stock had previously closed at C$8.01.

Wall Street Analyst Weigh In

Separately, Ventum Financial upgraded Jaguar Mining from a “neutral” rating to a “buy” rating and raised their price target for the stock from C$4.50 to C$6.75 in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$6.75.

Jaguar Mining Trading Up 15.2%

The business has a 50 day simple moving average of C$8.26 and a 200-day simple moving average of C$6.90. The stock has a market capitalization of C$786.96 million, a price-to-earnings ratio of -46.15 and a beta of 3.54. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.16 and a quick ratio of 1.02.

Jaguar Mining Company Profile

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.