Jaguar Mining (TSE:JAG)
TSX:JAG
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Jaguar Mining
(TSX:JAG)
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Rating:49Neutral
Price Target:
C$6.50
▲(7.79% Upside)
Action:Reiterated
Date:05/16/26
The score is held back primarily by current losses (negative net margin/ROE) and inconsistent free cash flow, alongside weak technical momentum with the stock below key moving averages. Offsetting these risks are improving TTM revenue, strong gross margins, and a very low-debt balance sheet that reduces financial strain.
Positive Factors
Very low leverage
Extremely low debt-to-equity (~0.03) provides structural financial flexibility across commodity cycles. This reduces interest burden, lowers default risk, and preserves capacity to fund exploration or sustain operations without immediate reliance on dilutive equity or expensive external financing.
Negative Factors
Negative profitability/ROE
Negative ROE and TTM net losses signal the company is not currently delivering shareholder returns from core operations. Persisting losses undermine reinvestment capacity, increase the risk of future dilution if capital is needed, and limit ability to accumulate reserves during strong metal cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt-to-equity (~0.03) provides structural financial flexibility across commodity cycles. This reduces interest burden, lowers default risk, and preserves capacity to fund exploration or sustain operations without immediate reliance on dilutive equity or expensive external financing.
Read all positive factors
Jaguar Mining (JAG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$574.28M
Dividend YieldN/A
Average Volume (3M)193.90K
Price to Earnings (P/E)23.6
Beta (1Y)3.21
Revenue Growth-0.97%
EPS Growth-40.86%
CountryCA
Employees1,105
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.12
Shares Outstanding85,330,864
10 Day Avg. Volume212,785
30 Day Avg. Volume193,901
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.73
Price to Sales (P/S)3.14
P/FCF Ratio-88.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.77
Revenue Forecast (FY)C$280.70M
Jaguar Mining Business Overview & Revenue Model
Company Description
Jaguar Mining Inc., a junior gold mining company, engages in the acquisition, exploration, development, and operation of gold producing properties in Brazil. Its principal assets include the Turmalina Gold Mine Complex, Caeté Gold Mine Complex, an...
How the Company Makes Money
Jaguar Mining primarily makes money by producing and selling gold. Revenue is generated when the company extracts gold-bearing ore from its mines, processes the ore to produce gold (typically as doré or another saleable form), and then sells that ...
Jaguar Mining Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
78
Positive
Cash Flow
50
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 135.17M | 158.63M | 136.53M | 142.50M | 151.47M |
| Gross Profit | 72.56M | 59.50M | 32.48M | 38.10M | 60.04M |
| EBITDA | 4.11M | 35.43M | 42.97M | 49.70M | 53.93M |
| Net Income | -15.79M | -1.29M | 15.85M | 21.44M | 24.05M |
Balance Sheet | |||||
| Total Assets | 389.80M | 345.00M | 309.12M | 288.13M | 259.88M |
| Cash, Cash Equivalents and Short-Term Investments | 76.41M | 47.80M | 22.04M | 25.21M | 40.37M |
| Total Debt | 8.41M | 6.95M | 5.84M | 7.00M | 6.89M |
| Total Liabilities | 145.02M | 105.46M | 68.85M | 71.11M | 58.58M |
| Stockholders Equity | 244.77M | 239.53M | 240.27M | 217.02M | 201.29M |
Cash Flow | |||||
| Free Cash Flow | -4.79M | 23.76M | -687.00K | -3.40M | 10.81M |
| Operating Cash Flow | 18.52M | 57.35M | 36.04M | 40.77M | 45.04M |
| Investing Cash Flow | -18.63M | -30.68M | -35.78M | -43.72M | -27.00M |
| Financing Cash Flow | 21.23M | -2.74M | -3.45M | -9.78M | -16.30M |
Jaguar Mining Technical Analysis
Negative
6.03
Price Trends
7.18
Negative
7.71
Negative
6.74
Negative
Market Momentum
-0.05
Negative
44.16
Neutral
67.86
Neutral
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 6.03 is below the 20-day moving average (MA) of 6.93, below the 50-day MA of 7.18, and below the 200-day MA of 6.74, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 44.16 is Neutral, neither overbought nor oversold. The STOCH value of 67.86 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$981.60M | 8.63 | 33.97% | ― | 75.17% | 73.99% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$704.45M | -8.61 | -63.51% | ― | 474.24% | -112.12% | |
49 Neutral | C$574.28M | 23.65 | -3.94% | ― | -0.97% | -40.86% | |
48 Neutral | C$732.78M | -62.27 | -37.55% | ― | ― | ― | |
42 Neutral | C$162.34M | -15.36 | 15.78% | ― | ― | ― |
* Basic Materials Sector Average
TSE:JAG
Jaguar Mining
6.73
3.42
103.32%
TSE:BSX
Belo Sun Mining
1.32
1.12
543.90%
TSE:MKO
Mako Mining Corp
11.21
6.56
141.08%
TSE:MAI
Minera Alamos
6.52
3.12
91.76%
TSE:GGA
Goldgroup Mining
1.47
0.46
45.54%
TSE:OMI
Orosur Mining
0.41
0.22
121.62%
Jaguar Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
Jaguar Mining Posts 2025 Loss on Facility Incident but Restarts Operations With Strong Cash Buffer
Negative
Apr 1, 2026
Jaguar Mining reported that its fourth-quarter 2025 results were heavily impacted by a material slump at the Satinoco dry-stack facility in late 2024, which forced a temporary suspension of production at the Turmalina mine. With regulatory restric...
Business Operations and StrategyFinancial Disclosures
Jaguar Mining Lifts Pilar Mine Reserves by 49%, Solidifying Growth Path in Brazil
Positive
Apr 1, 2026
Jaguar Mining has reported a 49% increase in proven and probable mineral reserves at its Pilar Mine in Brazil, lifting total reserves to 286,000 ounces of gold contained in 2.49 million tonnes at an average grade of 3.57 g/t. The growth, driven ma...
Business Operations and StrategyRegulatory Filings and Compliance
Jaguar Mining Wins Final Approval to Restart Turmalina Operations in Brazil
Positive
Mar 10, 2026
Jaguar Mining has received final environmental approval to resume operations at its Turmalina mine and associated processing facilities in the MTL Complex in Brazil, with mining and ore processing restarting immediately and tailings initially perm...
Business Operations and Strategy
Jaguar Mining Confirms High-Grade Continuity at Pilar Mine’s BA Zone
Positive
Mar 2, 2026
Jaguar Mining reported new drilling results from the BA Zone at its Pilar gold mine in Minas Gerais, Brazil, confirming strong down-plunge continuity of gold mineralization and multiple high-grade intercepts. The program, totaling 9,493.5 meters a...
Business Operations and Strategy
Jaguar Mining Refines Geological Model at Chamé Gold Target in Brazil
Positive
Feb 24, 2026
Jaguar Mining has provided an update on exploration at its Chamé gold target, located about 3km from the CPA Complex in Minas Gerais, Brazil. The company is prioritizing Chamé because of its proximity to existing infrastructure and its p...
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.