Jaguar Mining (TSE:JAG) Hits New 52-Week High – Time to Buy?

Shares of Jaguar Mining Inc. (TSE:JAG) hit a new 52-week high on Friday . The stock traded as high as C$8.16 and last traded at C$8.12, with a volume of 45356 shares. The stock had previously closed at C$7.71.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Ventum Financial upgraded Jaguar Mining from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$4.50 to C$6.75 in a report on Monday, November 10th. Ventum Cap Mkts raised shares of Jaguar Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of C$6.75.

Jaguar Mining Price Performance

The stock has a 50 day moving average of C$6.73 and a two-hundred day moving average of C$5.53. 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 firm has a market capitalization of C$677.82 million, a P/E ratio of -39.75 and a beta of 3.31.

Jaguar Mining (TSE:JAG) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$47.35 million for the quarter. Jaguar Mining had a return on equity of 11.72% and a net margin of 19.26%. Sell-side analysts predict 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.