Jaguar Mining (TSE:JAG) Price Target Raised to C$4.50

Jaguar Mining (TSE:JAG) had its price objective increased by stock analysts at Ventum Financial from C$2.75 to C$4.50 in a note issued to investors on Thursday, BayStreet.CA reports. Ventum Financial’s price objective would suggest a potential downside of 2.81% from the company’s current price.

Jaguar Mining Stock Up 2.7 %

Shares of JAG traded up C$0.12 during mid-day trading on Thursday, hitting C$4.63. 33,989 shares of the company traded hands, compared to its average volume of 51,781. The company has a market capitalization of C$366.46 million, a PE ratio of 8.57 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.92 and a debt-to-equity ratio of 1.69. The business has a 50 day moving average of C$3.53 and a 200 day moving average of C$2.84. Jaguar Mining has a 1-year low of C$1.12 and a 1-year high of C$5.05.

Jaguar Mining (TSE:JAG) last released its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$61.27 million for the quarter. Jaguar Mining had a net margin of 21.25% and a return on equity of 12.92%. Equities research analysts anticipate that Jaguar Mining will post 0.6982507 EPS for the current year.

Insider Buying and Selling

In other news, insider 2176423 Ontario Ltd. purchased 54,900 shares of the company’s stock in a transaction on Friday, June 21st. The shares were acquired at an average price of C$2.46 per share, for a total transaction of C$134,916.75. In related news, insider 2176423 Ontario Ltd. acquired 54,900 shares of the stock in a transaction on Friday, June 21st. The shares were acquired at an average price of C$2.46 per share, for a total transaction of C$134,916.75. Also, Senior Officer Jonathan Victor Hill sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$4.06, for a total transaction of C$30,450.00. In the last 90 days, insiders bought 896,900 shares of company stock worth $2,990,433 and sold 22,500 shares worth $94,601. 55.10% of the stock is currently owned by company insiders.

About Jaguar Mining

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.