I'll be dog gone- they told the truth ! On the JAG board ! Inconcievable !
From Jan 2013 Zacks Website:
Jaguar Mining: (NYSE: JAG)
JAN 11 04:04 PM ET
ZACKS RANK: 2-BUY
Full Company Report
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Jaguar is one of the fastest growing gold producers in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais. The company is a Canadian-chartered entity with its headquarters in Concord, New Hampshire, USA. Jaguar is actively exploring and developing additional mineral resources at its land base in Minas Gerais and on an additional concession base in the state of Ceara in the northeast of Brazil through a joint venture. The Company has no gold hedges in place thereby providing the leverage to gold prices directly to its investors. The Company is producing gold at its Turmalina, Paciencia and Sabara operations.
Seems like the market doesn't believe Zacks as the stock price is going nowhere. They have too much debt and no borrowing power, can't get price above $1.00 . Most articles now state regardless of gold price, companies that can't get EPS up will not survive.
I own JAG too but to be honest in the past few years the chart tells me it is not one of the fastest growing fold producers, especially after they closed one mine and put off their Gurupi exploration :D