TipRanks
Go Ultimate55% OFF

Jaguar Mining (JAG) AI Stock Analysis

TSE:JAG

Jaguar Mining

(TSX:JAG)

Select Model
Rating:61Neutral
Price Target:CAD 5.50â–²(5.16% Upside)
Action:reiterated
Date:08/17/26

The score is led by solid financial footing (very low leverage) and improving TTM profitability, but it is held back by weak recent free cash flow/cash conversion and a high P/E multiple. Technicals are supportive but look overextended, adding near-term risk.

Positive Factors
Revenue and Profitability RecoveryTTM revenue growth and renewed profitability indicate the operating business is recovering, while the 7.3% net margin shows positive earnings capacity. If maintained, this combination can support mine investment and resource development over the next several quarters.
Negative Factors
Negative Free Cash FlowNegative TTM free cash flow means operating cash generation did not cover capital requirements during the period. If this persists, Jaguar may have less internally generated funding for exploration, mine development, and shareholder returns despite positive operating cash flow.

Jaguar Mining (JAG) vs. iShares MSCI Canada ETF (EWC)

-20%0%20%40%60%80%100%TSE:JAG-0.38%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 317.43M
Dividend Yield
―
Average Volume (3M)
181.73K
Price to Earnings (P/E)
28.1
Beta (1Y)
3.17
Revenue Growth
15.45%
EPS Growth
―
Country
Canada
Employees
1,146
Sector
Basic Materials
Sector Strength
61
Industry
Gold

Jaguar Mining Business Overview & Revenue Model

Company Description

Operating as a junior gold mining enterprise, Jaguar Mining Inc. focuses on identifying, securing, developing, and actively producing gold deposits throughout Brazil. The company's principal assets, which consist of the Turmalina, Caeté, and Paciênci...

How the Company Makes Money

Jaguar Mining primarily makes money by producing and selling gold. Revenue is generated when ore mined from its operations is processed into gold doré (or equivalent gold product) and sold, with realized revenue driven by (a) the volume of gold produ...

Jaguar Mining Financial Statement Overview

Summary

Income statement trends improved in the TTM with 9.4% revenue growth and a return to profitability (~7.3% net margin) alongside strong gross margin (~51%). The balance sheet is a clear strength with very low leverage (debt-to-equity ~0.03) and rising equity, but multi-year earnings volatility and weak cash quality (TTM free cash flow negative at ~-3.4M and weaker cash conversion vs. net income) limit the overall financial score.

Income Statement

62Positive

Balance Sheet

84Very Positive

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue165.94M135.17M158.63M136.53M142.50M151.47M
Gross Profit85.08M72.56M59.50M32.48M38.10M60.04M
EBITDA50.91M4.11M35.43M42.97M49.70M53.93M
Net Income12.10M-15.79M-1.29M15.85M21.44M24.05M
Balance Sheet
Total Assets414.59M389.80M345.00M309.12M288.13M259.88M
Cash, Cash Equivalents and Short-Term Investments79.60M76.41M47.80M22.04M25.21M40.37M
Total Debt8.99M8.41M6.95M5.84M7.00M6.89M
Total Liabilities152.41M145.02M105.46M68.85M71.11M58.58M
Stockholders Equity262.18M244.77M239.53M240.27M217.02M201.29M
Cash Flow
Free Cash Flow-3.40M-4.79M23.76M-687.00K-3.40M10.81M
Operating Cash Flow36.81M18.52M57.35M36.04M40.77M45.04M
Investing Cash Flow-31.52M-18.63M-30.68M-35.78M-43.72M-27.00M
Financing Cash Flow22.11M21.23M-2.74M-3.45M-9.78M-16.30M

Jaguar Mining Technical Analysis

Technical Analysis SentimentNegative
Last Price5.23

Price Trends

50DMA7.14Negative
100DMA6.41Negative
200DMA6.96Negative

Market Momentum

MACD-0.45Positive
RSI28.94Positive
STOCH20.45Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JAG, the sentiment is Negative. The current price of 5.23 is below the 20-day moving average (MA) of 6.28, below the 50-day MA of 7.14, and below the 200-day MA of 6.96, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 28.94 is Positive, neither overbought nor oversold. The STOCH value of 20.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:JAG.

Jaguar Mining Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:JAG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:MKOTSE:MKO83OutperformCAD 902.34M12.1033.99%―79.46%102.76%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:JAGTSE:JAG61NeutralCAD 446.28M28.084.83%―15.45%―
TSE:MAITSE:MAI49NeutralCAD 432.20M-301.694.79%―1140.10%79.14%
TSE:OMITSE:OMI44NeutralCAD 99.51M-10.18-29.89%――-147.46%
TSE:BSXTSE:BSX41NeutralCAD 416.90M-35.05-33.19%――-12.04%

* Basic Materials Sector Average

Performance Comparison

0%100%200%300%400%TSE:JAGTSE:BSXTSE:MKOTSE:MAITSE:OMIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:JAG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:JAGJaguar Mining Inc.5.23-0.39-6.94%
TSE:BSXBelo Sun Mining0.750.43134.38%
TSE:MKOMako Mining10.302.7536.42%
TSE:MAIMinera Alamos3.930.133.42%
TSE:OMIOrosur Mining Inc (UK)0.22-0.15-40.54%

Jaguar Mining Corporate Events

Business Operations and StrategyFinancial Disclosures

Jaguar Mining Boosts Q3 Gold Output 30% as Turmalina Ramp-Up Gains Traction

Positive
Oct 15, 2026

Jaguar Mining reported a 30% year-over-year increase in consolidated gold production for the third quarter of 2026, reaching 12,981 ounces as the Turmalina Mine ramp-up advanced and Pilar maintained steady output. The company kept its annual producti...

Business Operations and Strategy

Jaguar Mining Targets In-Mine Growth With New Turmalina Drilling Program

Positive
Sep 22, 2026

Jaguar Mining has launched a new underground diamond drilling program at its Turmalina mine in Minas Gerais, Brazil, aimed at testing high-grade growth zones within existing operations. The campaign focuses on the down-dip extension of the Faina oreb...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026