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Jaguar Mining ( (TSE:JAG) ) has provided an update.
Jaguar Mining Inc. has announced a bought deal private placement to raise C$25 million, led by Red Cloud Securities Inc. The funds will be used to restart the Turmalina Mine and enhance exploration activities, strengthening the company’s financial position and supporting its growth strategy in the Iron Quadrangle.
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. operates in the mining industry, focusing on gold extraction and exploration. The company is primarily engaged in the development and operation of gold mining properties in Brazil, particularly in the Iron Quadrangle region.
YTD Price Performance: 150.83%
Average Trading Volume: 149,630
Technical Sentiment Signal: Buy
Current Market Cap: C$477.8M
Learn more about JAG stock on TipRanks’ Stock Analysis page.