Jaguar Mining (OTCMKTS:JAGGF) Trading Up 6.9% – Still a Buy?

Jaguar Mining Inc. (OTCMKTS:JAGGF) shares were up 6.9% during mid-day trading on Tuesday . The stock traded as high as $6.0505 and last traded at $6.02. Approximately 16,657 shares were traded during trading, a decline of 86% from the average daily volume of 119,413 shares. The stock had previously closed at $5.63.

Jaguar Mining Price Performance

The stock’s fifty day simple moving average is $5.60 and its two-hundred day simple moving average is $4.47. The company has a market capitalization of $451.33 million, a price-to-earnings ratio of -27.86 and a beta of 0.94.

Jaguar Mining (OTCMKTS:JAGGF) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Jaguar Mining had a negative net margin of 10.83% and a positive return on equity of 3.72%. The business had revenue of $33.81 million during the quarter, compared to analyst estimates of $51.68 million.

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.