Jaguar Mining (OTCMKTS:JAGGF) Trading 2.6% Higher – What’s Next?

Shares of Jaguar Mining Inc. (OTCMKTS:JAGGF) rose 2.6% during mid-day trading on Friday . The company traded as high as $3.6450 and last traded at $3.6080. Approximately 26,263 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 71,011 shares. The stock had previously closed at $3.5165.

Jaguar Mining Stock Up 2.6%

The company’s fifty day simple moving average is $4.62 and its 200 day simple moving average is $5.31. The firm has a market capitalization of $307.87 million, a PE ratio of -32.80 and a beta of 0.92.

Jaguar Mining (OTCMKTS:JAGGF) last posted its earnings results on Wednesday, May 13th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $44.59 million for the quarter, compared to the consensus estimate of $52.39 million. Jaguar Mining had a positive return on equity of 13.05% and a negative net margin of 6.23%.

About Jaguar Mining

Jaguar Mining (OTCMKTS:JAGGF) is a Canada-based junior gold producer, development and exploration company with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company is listed on the TSX Venture Exchange and trades in the United States on the OTCQX Best Market. Jaguar’s principal objective is to build a mid-tier gold producer through the optimization of its existing asset base and the continued exploration of its extensive land package in a historically gold-rich district.

Jaguar Mining’s core operations comprise three underground gold mines—Turmalina, Caeté and Pilar—each supported by on-site milling and processing facilities employing carbon-in-leach (CIL) technology.