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Jaguar Mining
(TSX:JAG)
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Rating:49Neutral
Price Target:
C$5.50
▼(-8.79% Downside)
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
Low leverage / conservative balance sheet
Very low debt (debt-to-equity ~0.03) materially reduces financial risk and interest burdens. This conservative capital structure gives the company durable flexibility to fund operations, sustain capex or exploration through commodity cycles, and avoid distress-driven dilution over the next several months.
Negative Factors
Net losses and negative ROE
The company is currently loss-making with TTM net margin around -11.7% and negative ROE, which erodes retained earnings and limits internal funding for growth. Persistent losses reduce the firm's ability to reward shareholders and raise the likelihood of future financing or equity dilution if operating trends do not reverse.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt (debt-to-equity ~0.03) materially reduces financial risk and interest burdens. This conservative capital structure gives the company durable flexibility to fund operations, sustain capex or exploration through commodity cycles, and avoid distress-driven dilution over the next several months.
Read all positive factors
Jaguar Mining (JAG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$490.65M
Dividend YieldN/A
Average Volume (3M)193.90K
Price to Earnings (P/E)―
Beta (1Y)3.30
Revenue Growth-0.97%
EPS Growth-40.86%
CountryCA
Employees1,105
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.13
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
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 Paciê...
How the Company Makes Money
Jaguar Mining primarily makes money by producing gold and selling it to third-party buyers, with revenue largely driven by the volume of gold produced and the realized gold price during the period. The company’s operating model typically includes ...
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
Positive
6.03
Price Trends
6.18
Negative
6.98
Negative
6.93
Negative
Market Momentum
-0.26
Negative
50.55
Neutral
55.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JAG, the sentiment is Positive. The current price of 6.03 is above the 20-day moving average (MA) of 5.49, below the 50-day MA of 6.18, and below the 200-day MA of 6.93, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 50.55 is Neutral, neither overbought nor oversold. The STOCH value of 55.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$980.72M | 13.66 | 33.97% | ― | 75.17% | 73.99% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$490.65M | -29.58 | -3.94% | ― | -0.97% | -40.86% | |
48 Neutral | C$616.74M | -54.87 | -37.55% | ― | ― | ― | |
43 Neutral | C$609.12M | -301.69 | 4.79% | ― | 922.22% | 97.92% | |
42 Neutral | C$131.60M | -10.13 | 15.78% | ― | ― | ― |
* Basic Materials Sector Average
TSE:JAG
Jaguar Mining
5.75
1.94
50.92%
TSE:BSX
Belo Sun Mining
1.11
0.81
263.93%
TSE:MKO
Mako Mining Corp
11.20
5.95
113.33%
TSE:MAI
Minera Alamos
5.54
1.69
43.90%
TSE:GGA
Goldgroup Mining
1.56
0.58
59.18%
TSE:OMI
Orosur Mining
0.33
0.20
153.85%
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.