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

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

Analyst Ratings Changes

JAG has been the topic of several research analyst reports. Ventum Cap Mkts upgraded shares of 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 investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Jaguar Mining presently has an average rating of “Strong Buy” and a consensus price target of C$6.75.

Jaguar Mining Stock Performance

The business’s fifty day moving average is C$7.18 and its two-hundred day moving average is C$5.84. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of C$733.24 million, a PE ratio of -43.00 and a beta of 3.31.

Jaguar Mining (TSE:JAG) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. Jaguar Mining had a net margin of 19.26% and a return on equity of 11.72%. The business had revenue of C$47.35 million for the quarter. As a group, research analysts anticipate that Jaguar Mining Inc. will post 0.4742807 EPS for the current fiscal 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.