Jaguar Mining (TSE:JAG) Trading Down 0.7% – Here’s Why

Jaguar Mining Inc. (TSE:JAG)’s stock price dropped 0.7% during mid-day trading on Thursday . The stock traded as low as C$4.13 and last traded at C$4.22. Approximately 184,535 shares traded hands during trading, an increase of 186% from the average daily volume of 64,622 shares. The stock had previously closed at C$4.25.

Analysts Set New Price Targets

Separately, Ventum Financial increased their price objective on Jaguar Mining from C$2.75 to C$4.50 in a research report on Thursday, August 29th.

Jaguar Mining Stock Performance

The stock has a market capitalization of C$334.01 million, a price-to-earnings ratio of 7.96 and a beta of 1.64. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.92 and a quick ratio of 1.02. The stock has a 50-day moving average of C$5.05 and a 200 day moving average of C$3.82.

Jaguar Mining (TSE:JAG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter. Jaguar Mining had a net margin of 21.25% and a return on equity of 12.92%. The company had revenue of C$61.27 million during the quarter. On average, analysts expect that Jaguar Mining Inc. will post 0.4742807 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Jonathan Victor Hill sold 5,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$4.79, for a total value of C$26,327.95. In the last 90 days, insiders sold 34,000 shares of company stock valued at $153,545. Company insiders own 55.03% of the company’s stock.

Jaguar Mining Company Profile

Jaguar Mining Inc, a junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. The company’s principal assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex with mineral claims covering an area of approximately 56,000 hectares located in the Iron Quadrangle in the state of Minas Gerais.