Jaguar Mining (TSE:JAG) Shares Down 3% – Here’s Why

Jaguar Mining Inc. (TSE:JAG) fell 3% during mid-day trading on Wednesday. The company traded as low as C$5.40 and last traded at C$5.42. 85,691 shares were traded during mid-day trading, a decline of 52% from the average session volume of 179,120 shares. The stock had previously closed at C$5.59.

Jaguar Mining Stock Performance

The company has a debt-to-equity ratio of 3.43, a current ratio of 1.27 and a quick ratio of 1.02. The stock has a 50 day simple moving average of C$6.70 and a two-hundred day simple moving average of C$6.82. The company has a market cap of C$389.96 million, a PE ratio of 35.15 and a beta of 4.35.

Jaguar Mining (TSE:JAG) last announced its earnings results on Friday, November 13th. The company reported C$0.21 earnings per share for the quarter. Jaguar Mining had a net margin of 7.29% and a return on equity of 4.83%. The business had revenue of C$86.52 million during the quarter. Equities analysts predict that Jaguar Mining Inc. will post 0.47 EPS for the current year.

About Jaguar Mining

Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims. The Company’s principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the MTL complex (Turmalina mine and plants) and Caete complex (Pilar and Roça Grande mines, and Caete plant). The Roça Grande mine has been on temporary care and maintenance since April 2019.