Jaguar Mining (TSE:JAG) Shares Up 2.3% – Should You Buy?

Jaguar Mining Inc. (TSE:JAG) shares rose 2.3% during mid-day trading on Monday . The stock traded as high as C$2.29 and last traded at C$2.24. Approximately 165,823 shares were traded during mid-day trading, an increase of 131% from the average daily volume of 71,848 shares. The stock had previously closed at C$2.19.

Analysts Set New Price Targets

Separately, Ventum Financial lowered their price objective on shares of Jaguar Mining from C$5.15 to C$4.10 in a research note on Monday, December 9th.

Jaguar Mining Price Performance

The business has a 50-day moving average price of C$3.52 and a two-hundred day moving average price of C$3.92. 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 company has a market capitalization of C$177.30 million, a price-to-earnings ratio of 4.23 and a beta of 1.64.

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.