Jaguar Mining (TSE:JAG) Shares Down 11.3% – Here’s Why

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

Wall Street Analyst Weigh In

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

Jaguar Mining Stock Down 0.9 %

The firm has a market capitalization of C$178.09 million, a price-to-earnings ratio of 4.25 and a beta of 1.64. The company has a current ratio of 1.92, a quick ratio of 1.02 and a debt-to-equity ratio of 1.69. The stock has a fifty day moving average of C$3.14 and a 200-day moving average of C$3.91.

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.