Jaguar Mining (JAG) Price Target Cut to C$0.70

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Jaguar Mining (TSE:JAG) had its target price dropped by stock analysts at Pi Financial from C$1.00 to C$0.70 in a research note issued to investors on Friday. Pi Financial’s price objective indicates a potential upside of 218.18% from the company’s previous close.

Shares of JAG traded up C$0.01 during mid-day trading on Friday, reaching C$0.22. 7,708 shares of the company’s stock were exchanged, compared to its average volume of 129,250. Jaguar Mining has a 52-week low of C$0.18 and a 52-week high of C$0.41.

In related news, Director Robert Hinman Getz purchased 143,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was purchased at an average cost of C$0.21 per share, with a total value of C$30,030.00. Over the last 90 days, insiders have bought 313,000 shares of company stock worth $58,330.

About Jaguar Mining

Jaguar Mining Inc engages in the acquisition, exploration, development, and operation of gold producing properties in Brazil. Its principal assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex located in the Iron Quadrangle in the state of Minas Gerais. The company was founded in 1984 and is headquartered in Toronto, Canada.

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