Jaguar Mining (TSE:JAG) Shares Down 4.9% – What’s Next?

Shares of Jaguar Mining Inc. (TSE:JAG) traded down 4.9% during mid-day trading on Tuesday . The company traded as low as C$7.52 and last traded at C$7.74. 135,254 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 225,969 shares. The stock had previously closed at C$8.14.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial upgraded Jaguar Mining from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$4.50 to C$6.75 in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Jaguar Mining presently has a consensus rating of “Buy” and a consensus target price of C$6.75.

Jaguar Mining Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 3.07. The company has a market cap of C$659.92 million, a P/E ratio of -38.70 and a beta of 3.55. The stock has a 50 day moving average price of C$7.88 and a two-hundred day moving average price of C$6.46.

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.