Insider Buying: Jaguar Mining Inc. (TSE:JAG) Insider Buys 750,000 Shares of Stock

Jaguar Mining Inc. (TSE:JAG) insider 2176423 Ontario Ltd. bought 750,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average price of C$3.50 per share, with a total value of C$2,625,000.00.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Tuesday, June 25th, 2176423 Ontario Ltd. purchased 86,000 shares of Jaguar Mining stock. The shares were acquired at an average price of C$2.51 per share, for a total transaction of C$215,576.20.
• On Friday, June 21st, 2176423 Ontario Ltd. acquired 54,900 shares of Jaguar Mining stock. The shares were acquired at an average cost of C$2.46 per share, with a total value of C$134,916.75.
• On Thursday, April 25th, 2176423 Ontario Ltd. bought 7,100 shares of Jaguar Mining stock. The stock was bought at an average cost of C$2.98 per share, for a total transaction of C$21,150.19.

Jaguar Mining Price Performance

Shares of TSE:JAG opened at C$3.68 on Monday. The company has a market capitalization of C$290.98 million, a P/E ratio of 12.27 and a beta of 1.59. Jaguar Mining Inc. has a 1-year low of C$1.12 and a 1-year high of C$3.85. The firm’s 50 day simple moving average is C$2.75 and its two-hundred day simple moving average is C$2.39. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.68 and a quick ratio of 1.02.

Jaguar Mining (TSE:JAG) last released its earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.05). Jaguar Mining had a net margin of 12.16% and a return on equity of 7.00%. The firm had revenue of C$43.92 million for the quarter. Research analysts expect that Jaguar Mining Inc. will post 0.5763052 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Ventum Financial upped their price target on Jaguar Mining from C$2.35 to C$2.75 in a research report on Tuesday, May 28th.

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.