Jaguar Mining (OTCMKTS:JAGGF) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Key Points

• Q1 earnings miss: Jaguar Mining reported EPS of ($0.04), missing the consensus by $0.15, although revenue beat at $38.04 million versus $33.90 million; the company showed a negative net margin of 10.83% and a 3.72% return on equity.
• Market reaction and valuation: Shares were up about 0.6% to $5.24 on lighter-than-average volume, with a market cap near $447 million and a negative trailing PE of -27.58.
• Business profile: Jaguar is a Canada-based junior gold producer operating three underground mines (Turmalina, Caeté and Pilar) in the Iron Quadrangle of Minas Gerais, Brazil, aiming to build a mid-tier producer.

Jaguar Mining (OTCMKTS:JAGGF - Get Free Report) announced its earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.15), Zacks reports. The company had revenue of $38.04 million for the quarter, compared to analysts' expectations of $33.90 million. Jaguar Mining had a negative net margin of 10.83% and a positive return on equity of 3.72%.

Jaguar Mining Trading Up 0.6%

OTCMKTS:JAGGF traded up $0.03 during trading hours on Thursday, hitting $5.24. The stock had a trading volume of 22,882 shares, compared to its average volume of 114,051. The company has a market cap of $447.13 million, a PE ratio of -27.58 and a beta of 0.91. The business has a 50 day simple moving average of $5.90 and a two-hundred day simple moving average of $5.18. Jaguar Mining has a 1-year low of $1.63 and a 1-year high of $7.05.

About Jaguar Mining

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.

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