Jaguar Mining (TSE:JAG) Shares Down 3.4% – Should You Sell?

Jaguar Mining Inc. (TSE:JAG)’s share price traded down 3.4% during trading on Friday . The company traded as low as C$2.86 and last traded at C$2.88. 60,760 shares were traded during mid-day trading, a decline of 33% from the average session volume of 90,679 shares. The stock had previously closed at C$2.98.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial decreased their price target on shares of Jaguar Mining from C$5.15 to C$4.10 in a research note on Monday, December 9th.

Jaguar Mining Trading Down 3.4 %

The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 3.07. The company’s fifty day moving average price is C$2.66 and its two-hundred day moving average price is C$3.49. The firm has a market cap of C$160.03 million, a PE ratio of 5.46 and a beta of 1.64.

Insider Buying and Selling at Jaguar Mining

In other news, insider 2176423 Ontario Ltd. purchased 60,400 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of C$2.23 per share, with a total value of C$134,414.16. Over the last quarter, insiders acquired 89,336 shares of company stock valued at $202,745. 55.03% of the stock is owned by company insiders.

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.