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

Jaguar Mining Inc. (TSE:JAG) shares hit a new 52-week high on Monday . The company traded as high as C$7.71 and last traded at C$7.55, with a volume of 43596 shares trading hands. The stock had previously closed at C$7.44.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JAG. Ventum Cap Mkts upgraded Jaguar Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Ventum Financial raised Jaguar Mining from a “neutral” rating to a “buy” rating and increased their target price for the company from C$4.50 to C$6.75 in a report on Monday, November 10th. 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.com, Jaguar Mining presently has an average rating of “Strong Buy” and an average target price of C$6.75.

Jaguar Mining Stock Performance

The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.02 and a current ratio of 1.82. The stock has a market cap of C$651.39 million, a P/E ratio of -38.20 and a beta of 3.02. The business’s 50-day moving average price is C$6.46 and its 200-day moving average price is C$5.25.

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

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.