Jaguar Mining (TSE:JAG) Reaches New 52-Week High – Should You Buy?

Jaguar Mining Inc. (TSE:JAG)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$7.71 and last traded at C$7.55, with a volume of 43596 shares changing hands. The stock had previously closed at C$7.44.

Wall Street Analyst Weigh In

Several research firms have recently commented on JAG. Ventum Financial upgraded shares of Jaguar Mining from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from C$4.50 to C$6.75 in a research note on Monday, November 10th. Ventum Cap Mkts upgraded Jaguar Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Jaguar Mining has a consensus rating of “Strong Buy” and an average price target of C$6.75.

Jaguar Mining Price Performance

The company has a debt-to-equity ratio of 3.07, a current ratio of 1.82 and a quick ratio of 1.02. The stock has a fifty day simple moving average of C$6.43 and a 200-day simple moving average of C$5.20. The company has a market capitalization of C$652.25 million, a price-to-earnings ratio of -38.25 and a beta of 3.02.

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

Jaguar Mining Company Profile

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.