Jaguar Mining (OTCMKTS:JAGGD) Shares Up 4.5% - Still a Buy?

Key Points

• Shares rose 4.5%, trading as high as $5.82 and last at $5.80 on midday volume of ~48,192 shares (up 45% vs. the 33,340 average), after a prior close of $5.5480.
• The stock shows short- and long-term technicals of a 50-day MA of $5.69 and 200-day MA of $5.28, with a market cap of $419.63 million, a P/E of 11.60 and a beta of 2.75.
• Jaguar Mining is a Brazil-focused gold producer operating the Caeté and Turmalina underground mines and the Paciência development project in the Iron Quadrangle, with over 70,000 hectares of exploration licences.

Jaguar Mining Inc. (OTCMKTS:JAGGD - Get Free Report) was up 4.5% during mid-day trading on Thursday . The company traded as high as $5.82 and last traded at $5.80. Approximately 48,192 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 33,340 shares. The stock had previously closed at $5.5480.

Jaguar Mining Price Performance

The company's fifty day moving average is $5.69 and its 200-day moving average is $5.28. The stock has a market cap of $419.63 million, a PE ratio of 11.60 and a beta of 2.75.

About Jaguar Mining

Jaguar Mining Inc is a gold producer with operations concentrated in the Iron Quadrangle region of Minas Gerais, Brazil. The company's primary assets include the Caeté and Turmalina underground gold mines, together with the Paciência development project. Headquartered in Vancouver, Canada, Jaguar Mining leverages a combination of long‐established infrastructure and newer exploration licences covering more than 70,000 hectares to support its growth strategy.

The company's core activities span exploration, development, extraction, milling and sale of gold.

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