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Jaguar Mining ( (TSE:JAG) ) has shared an update.
Jaguar Mining Inc. announced a significant participation from major shareholder Eric Sprott in its C$25 million bought deal private placement, contributing C$10 million for 1,818,812 shares. The proceeds will be used to restart the Turmalina Mine, fund exploration activities, and support general corporate purposes, highlighting Jaguar’s strategic focus on enhancing its Brazilian operations and market position.
The most recent analyst rating on (TSE:JAG) stock is a Hold with a C$4.50 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 influenced by its stable balance sheet and positive technical indicators, which are offset by significant challenges in financial performance and valuation. The lack of profitability and negative earnings are major concerns, but the bullish technical momentum provides some optimism.
To see Spark’s full report on TSE:JAG stock, click here.
More about Jaguar Mining
Jaguar Mining Inc. is a Canadian company operating in the gold mining industry, focusing on the exploration, development, and operation of gold properties in Brazil. The company is committed to unlocking the full potential of its Brazilian assets and reinforcing its standing as a responsible and growing gold producer in the region.
Average Trading Volume: 196,746
Technical Sentiment Signal: Buy
Current Market Cap: C$498.5M
Learn more about JAG stock on TipRanks’ Stock Analysis page.