Jaguar Mining (TSE:JAG) Trading Down 11.3% – Time to Sell?

Jaguar Mining Inc. (TSE:JAG)’s stock price dropped 11.3% during mid-day trading on Wednesday . The company traded as low as C$2.07 and last traded at C$2.20. Approximately 87,980 shares changed hands during trading, an increase of 38% from the average daily volume of 63,827 shares. The stock had previously closed at C$2.48.

Wall Street Analysts Forecast Growth

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

Jaguar Mining Stock Performance

The company’s 50 day simple moving average is C$3.14 and its 200 day simple moving average is C$3.91. The stock has a market cap of C$178.09 million, a price-to-earnings ratio of 4.25 and a beta of 1.64. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.02 and a current ratio of 1.92.

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.