Ventum Financial Upgrades Jaguar Mining (TSE:JAG) to “Buy”

Jaguar Mining (TSE:JAG) was upgraded by stock analysts at Ventum Financial from a “neutral” rating to a “buy” rating in a report released on Monday,BayStreet.CA reports. The firm presently has a C$6.75 target price on the stock, up from their previous target price of C$4.50. Ventum Financial’s price target would indicate a potential upside of 11.75% from the company’s previous close.

Separately, Ventum Cap Mkts raised Jaguar Mining from a “hold” rating to a “strong-buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Jaguar Mining has an average rating of “Strong Buy” and an average target price of C$6.75.

Jaguar Mining Price Performance

Shares of Jaguar Mining stock traded up C$0.64 during mid-day trading on Monday, reaching C$6.04. 273,255 shares of the stock were exchanged, compared to its average volume of 154,937. Jaguar Mining has a fifty-two week low of C$1.97 and a fifty-two week high of C$7.52. The company has a market cap of C$514.73 million, a price-to-earnings ratio of -18.30 and a beta of 2.76. The firm has a 50-day simple moving average of C$5.87 and a 200 day simple moving average of C$4.50. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 3.07.

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.