This downgrade may pressure JAG stock sp performance, and if it can technically stay bullish.

With the recent cross of Moving Averages and the continuing uptrend of gold, it is likely that JAG will have enough upside to counter this downgrade.

Be aware and do not panic as it may be an opportunity to start or add to a position.

Jaguar Mining Inc (JAG) Downgraded by Zacks Investment Research to “Underperform”

April 8th, 2011

Equities research analysts at Zacks Investment Research downgraded shares of Jaguar Mining Inc (NYSE: JAG) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday.

Shares of Jaguar Mining Inc traded up 0.72% during mid-day trading on Friday, hitting $5.57. Jaguar Mining Inc has a 52 week low of $4.50 and a 52weekhigh of $11.45. The stock’s 50-day moving average is $5.22 and its 200-day moving average is $6.24. The company has a market cap of $470.0 million.

Jaguar Mining Inc. (Jaguar) engaged in the acquisition, exploration, development and operation of gold producing properties at its 93,000-acre land base in the Iron Quadrangle region of Brazil, a greenstone belt located near the city of Belo Horizonte in the state of Minas Gerais. During the year ended December 31, 2009, Jaguar acquired the 293,000-acre Gurupi Project in the state of Maranhao from KinrossGold Corporation (Kinross). Through a joint venture with Xstrata plc (Xstrata), the Company is also engaged in gold exploration at a greenfield site in the northeast of Brazil covering 182,000 acres. The Company is producing gold at its Turmalina and Paciencia operations. During 2009, the Company completed the Phase I expansion of the Turmalina operation on schedule and on-budget. The Company’s Caete Project is under its final stage of construction.

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