Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Jaguar Mining ( (TSE:JAG) ).
Jaguar Mining Inc. announced a partial lifting of restrictions on the Satinoco pile at the Turmalina Mine, a vital step towards resuming operations at the MTL Complex. This development allows the company to proceed with essential preparatory work, enhancing safety and infrastructure, and aligns with its strategy to fully restart operations, thereby reinforcing its commitment to safety and regulatory compliance.
The most recent analyst rating on (TSE:JAG) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Jaguar Mining stock, see the TSE:JAG Stock Forecast page.
Spark’s Take on TSE:JAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:JAG is a Neutral.
Jaguar Mining’s overall stock score is primarily impacted by its financial performance challenges, including declining revenue and profitability. Technical analysis provides some positive signals with a strong upward trend, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily on the score.
To see Spark’s full report on TSE:JAG stock, click here.
More about Jaguar Mining
Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil. The company manages three gold mining complexes and holds a significant land package with exploration potential in the Iron Quadrangle, a prolific greenstone belt in Minas Gerais. Its main assets include the MTL complex (Turmalina mine and plant) and the Caeté complex (Pilar and Roça Grande mines, and Caeté plant).
Average Trading Volume: 270,660
Technical Sentiment Signal: Buy
Current Market Cap: C$488M
For an in-depth examination of JAG stock, go to TipRanks’ Overview page.