Jaguar Mining (OTCMKTS:JAGGF) Stock Price Up 2.6% – Should You Buy?

Jaguar Mining Inc. (OTCMKTS:JAGGF)’s stock price shot up 2.6% on Friday . The company traded as high as $3.6450 and last traded at $3.6080. 26,263 shares changed hands during trading, a decline of 63% from the average daily volume of 71,011 shares. The stock had previously closed at $3.5165.

Jaguar Mining Price Performance

The company has a market cap of $307.87 million, a P/E ratio of -32.80 and a beta of 0.92. The stock has a 50-day moving average of $4.62 and a 200 day moving average of $5.31.

Jaguar Mining (OTCMKTS:JAGGF) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Jaguar Mining had a negative net margin of 6.23% and a positive return on equity of 13.05%. The business had revenue of $44.59 million during the quarter, compared to analysts’ expectations of $52.39 million.

Jaguar Mining Company Profile

Jaguar Mining (OTCMKTS:JAGGF) is a Canada-based junior gold producer, development and exploration company with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company is listed on the TSX Venture Exchange and trades in the United States on the OTCQX Best Market. Jaguar’s principal objective is to build a mid-tier gold producer through the optimization of its existing asset base and the continued exploration of its extensive land package in a historically gold-rich district.

Jaguar Mining’s core operations comprise three underground gold mines—Turmalina, Caeté and Pilar—each supported by on-site milling and processing facilities employing carbon-in-leach (CIL) technology.