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

Jaguar Mining Inc. (OTCMKTS:JAGGF)’s stock price reached a new 52-week high on Friday . The company traded as high as $7.05 and last traded at $6.90, with a volume of 87307 shares changing hands. The stock had previously closed at $6.90.

Jaguar Mining Trading Down 1.2%

The stock has a market cap of $581.52 million, a price-to-earnings ratio of -35.90 and a beta of 0.94. The stock’s 50-day moving average price is $5.93 and its 200-day moving average price is $4.84.

Jaguar Mining Company Profile

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.