Jaguar Mining (TSE:JAG) Hits New 12-Month High – Here’s What Happened

Jaguar Mining Inc. (TSE:JAG)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$9.58 and last traded at C$9.41, with a volume of 94327 shares. The stock had previously closed at C$9.08.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Ventum Cap Mkts raised shares of Jaguar Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Ventum Financial upgraded shares of Jaguar Mining from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$4.50 to C$6.75 in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$6.75.

Jaguar Mining Stock Performance

The firm has a market cap of C$774.17 million, a price-to-earnings ratio of -45.40 and a beta of 3.31. The stock has a 50 day moving average of C$7.52 and a 200 day moving average of C$6.04. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 3.07.

Jaguar Mining (TSE:JAG) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$47.35 million for the quarter. Jaguar Mining had a net margin of 19.26% and a return on equity of 11.72%. As a group, 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.