Jaguar Mining (TSE:JAG) Hits New 1-Year High – Still a Buy?

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

Analysts Set New Price Targets

JAG has been the topic of a number of recent research reports. Ventum Financial upgraded shares of Jaguar Mining from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$4.50 to C$6.75 in a research note on Monday, November 10th. Ventum Cap Mkts raised Jaguar Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of C$6.75.

Jaguar Mining Trading Up 0.6%

The business has a fifty day simple moving average of C$7.08 and a 200 day simple moving average of C$5.77. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.02 and a current ratio of 1.82. The stock has a market cap of C$730.69 million, a price-to-earnings ratio of -42.85 and a beta of 3.31.

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