Jaguar Mining (TSE:JAG) Sets New 52-Week High – Here’s What Happened

Jaguar Mining Inc. (TSE:JAG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$8.80 and last traded at C$8.52, with a volume of 27771 shares. The stock had previously closed at C$8.52.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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. Ventum Financial upgraded Jaguar Mining from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$4.50 to C$6.75 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$6.75.

Jaguar Mining Stock Up 0.6%

The firm’s 50-day moving average price is C$7.08 and its 200 day moving average price is C$5.77. The firm has a market cap of C$730.69 million, a P/E ratio of -42.85 and a beta of 3.31. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 3.07.

Jaguar Mining (TSE:JAG) last posted its quarterly earnings data 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%. As a group, research analysts expect that Jaguar Mining Inc. will post 0.4742807 earnings per share for the current year.

About Jaguar Mining

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.