Jaguar Mining (OTCMKTS:JAGGF) Shares Pass Below 50 Day Moving Average – What’s Next?

Jaguar Mining Inc. (OTCMKTS:JAGGF)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.97 and traded as low as $3.80. Jaguar Mining shares last traded at $3.94, with a volume of 44,422 shares changing hands.

Jaguar Mining Stock Performance

The firm’s 50-day simple moving average is $3.96 and its 200-day simple moving average is $5.02. The company has a market capitalization of $329.37 million, a price-to-earnings ratio of -35.09 and a beta of 0.99.

Jaguar Mining (OTCMKTS:JAGGF) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Jaguar Mining had a negative net margin of 6.23% and a positive return on equity of 13.05%. The business had revenue of $44.59 million during the quarter, compared to analyst estimates of $52.39 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.