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

Shares of Jaguar Mining Inc. (TSE:JAG) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$9.63 and last traded at C$9.42, with a volume of 67052 shares. The stock had previously closed at C$9.46.

Wall Street Analyst Weigh In

Separately, Ventum Financial raised Jaguar Mining from a “neutral” rating to a “buy” rating and increased their target price for the company from C$4.50 to C$6.75 in a report on Monday, November 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Jaguar Mining currently has an average rating of “Buy” and an average target price of C$6.75.

Jaguar Mining Stock Down 2.1%

The stock has a market capitalization of C$789.52 million, a price-to-earnings ratio of -46.30 and a beta of 3.55. 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 business’s 50-day moving average is C$8.14 and its two-hundred day moving average is C$6.71.

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.