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Jaguar Mining (OTC:JAGGF) Stock, Option Chain

Jaguar Mining Inc is a junior gold mining company. The company is engaged in producing gold, development, and exploration company operating in the Iron Quadrangle, a prolific greenstone belt located in Minas Gerais, Brazil. The company is focused on the acquisition, exploration, development, and operation of gold-producing properties in Brazil. The principal operating assets of the company are MTL Complex, Caete Complex, Paciencia Complex, Faina Project, Oncas De Pitangui Project, and others. The company also owns the Paciencia Gold Mine Complex.

As Gold Prices Reach Pre-War High, US Gold Corp Sees Its Reserve Value Soar

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USAU

As the price of gold increases, U.S. Gold Corp (NASDAQ: USAU), a precious metals exploration and development company, has seen the value of its reserves soar.

Jaguar Mining Inc

Rivian Automotive Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are up 13% in pre-market trading after German automaker Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) increased their <a href="https://www.benzinga.com/news/24/09/40772132/volkswagens-5b-deal-with-rivian-leaves-software-arm-cariad-workers-frustrated-ceo-left-out-report">planned investment into the EV startup</a> to $5.8 billion and kickstarted their joint venture.
What Happened: The two companies announced their plans for a joint venture in June. As part of the deal, Volkswagen was expected to invest about $5 billion into loss-making Rivian. 
However, Rivian said on Tuesday that the joint venture called Rivian and VW Group Technology, LLC is expected to start on Nov. 13 and Volkswagen will invest <a href="https://www.benzinga.com/news/contracts/24/11/41924462/rivian-stock-races-higher-after-the-bell-whats-going-on">up to $5.8 billion in Rivian and the JV</a> by 2027 as part of the deal, marking an increase of about 16% in planned investment.
About The New JV: The joint venture between the two players is <a href="https://www.benzinga.com/news/24/09/40682383/tesla-ceo-elon-musk-doubts-volkswagens-proposed-5b-rivian-investment-amid-reports-that-it-is-conside">aimed at providing next-generation electrical architecture</a> and software technology for both companies' future electric vehicles including Rivian&#8217;s R2 vehicle slated to enter production in the first half of 2026 at the company&#8217;s Normal, Illinois factory.
Developers and software engineers from both companies are expected to join the joint venture. While teams will initially be based in Palo Alto, California, three other sites are in development in North America and Europe, Rivian said in a statement on Tuesday. 
Rivian's&nbsp;Wassym Bensaid&nbsp;and Volkswagen's&nbsp;Carsten Helbing&nbsp;will lead the joint venture as co-CEOs.
Price Action: Rivian shares closed down 4.2% at $10.58 on Tuesday, but were up over 13% in the pre-market session on Wednesday. The stock is down by about 50% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">Tesla Q4 Deliveries Expected To Set New Records But Not Enough To Avoid Yearly Sales Decline, Says Researcher</a></li>
</ul>
Photo courtesy: Rivian

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Rivian Shares Rise 13% In Pre-Market: What's Going On?

Enlight Renewable Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENLT#NASDAQ">ENLT</a>) raises FY2024 sales outlook from $345.00 million-360.00 million to $355.00 million-370.00 million.

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ENLT

Enlight Renewable Energy Raises FY2024 Sales Guidance from $345.00M-360.00M to $355.00M-$370.00M  VS Est. $354.57M

Needham analyst Gil Blum reiterates Artiva Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARTV#NASDAQ">ARTV</a>) with a Buy and maintains $23 price target.

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Needham Reiterates Buy on Artiva Biotherapeutics, Maintains $23 Price Target

Needham analyst Chris Pierce maintains Urgently (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULY#NASDAQ">ULY</a>) with a Buy and lowers the price target from $2 to $1.5.

Needham Maintains Buy on Urgently, Lowers Price Target to $1.5

HC Wainwright &amp; Co. analyst Heiko Ihle maintains MAG Silver (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>) with a Buy and raises the price target from $18 to $20.

HC Wainwright & Co. Maintains Buy on MAG Silver, Raises Price Target to $20

Centene Plans To Reaffirm 2024 Adjusted EPS Guidance Of Greater Than $6.80 (Est $6.69); Also Plans To Reiterate That It Expects To Grow Adjusted EPS In 2025 And Beyond - Filing

On Tuesday, November 12, U.S. markets ended lower as investors took profits after a post-election rally, anticipating upcoming inflation data. Worries over Trump&#8217;s inflationary policies, rising Treasury yields, and weak European markets intensified the decline.
According to economic data, U.S. consumer inflation expectations eased to 2.9% in October, down from 3% in the prior four months. The RealClearMarkets/TIPP Economic Optimism Index jumped 13.4% in November to 53.2.
Most S&amp;P 500 sectors declined, led by materials, health care, and real estate, while tech and communication services rose against the trend.
The Dow Jones Industrial Average was down 0.86% and closed at 43,910.98, the S&amp;P 500 fell 0.29% to 5,984.00, and the Nasdaq Composite declined 0.09% to finish at 19,281.40.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 declined 1.55% and ended the session at 38,740.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.75% and ended the day at 8,193.40, led by losses in the Metals &amp; Mining, Financials and Industrials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.36% at 23,559.05, and the Nifty 500 was down 1.67% at 21,957.50, led by losses in the Real Estate, Capital Goods and Metals sectors.</li>
<li>China&#8217;s Shanghai Composite rose 0.51% to close at 3,439.28, and the Shenzhen CSI 300 rose 0.61%, finishing the day at 4,110.89.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 0.12% and closed the session at 19,823.45.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 0.08%.</li>
<li>Germany&#8217;s DAX gained0.12%.</li>
<li>France&#8217;s CAC rose0.10%.</li>
<li>U.K.'sU.K.&#8217;s FTSE 100 index traded higher by 0.12%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.88% at $68.70/bbl, and Brent was up 0.82% at $72.48/bbl.</li>
<li>Oil prices rose due to supply tightness but remained near two-week lows after OPEC cut its demand forecasts for 2024 and 2025, citing weakness in China.</li>
<li>Natural Gas declined 1.17% to $2.873.</li>
<li>Gold was trading higher by 0.33% at $2,615.40, Silver gained 0.92% to $31.040, and Copper slipped 0.07% to $4.1338.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures decreased 0.12%, S&amp;P 500 futures were down 0.15%, and Nasdaq 100 futures fell 0.15%.
Forex at 05:30 AM ET
The U.S. dollar index is up 0.02% to 105.97, the USD/JPY rose 0.22% to 154.94, and the USD/AUD rose 0.10% to 1.5321.
Image via Shutterstock

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Asia Markets Down, Europe Up, Dollar Makes 5-Month High - Global Markets Today While US Slept

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Super Micro Computer Said Unable To File Its Quarterly Report On Form 10-Q For The Period Ended September 30, 2024 In A Timely Manner Without Unreasonable Effort Or Expense

CAAS

China Automotive Systems Raises FY24 Revenue Guidance From $605M To $630M

Bellevue Capital Partners, One Of The Largest Shareholders Of Global Net Lease, Inc., Announced The Acquisition Of An Additional 100,000 Shares Of GNL

X4 had $135.8 million in cash, cash equivalents, restricted cash, and short-term marketable securities as of September 30, 2024. The Company believes it has sufficient funds to support operations into late 2025 and notes that this projected runway does not include potential future XOLREMDI revenue.

XFOR

X4 Pharmaceuticals Q3 2024 GAAP EPS $(0.18) Misses $(0.17) Estimate, Sales $560.00K Miss $1.69M Estimate

Hudbay Minerals Revised 2024 Annual Consolidated Cash Cost Guidance Range To $0.65-$0.85 Per Pound From $0.90-$1.10 Per Pound

Needham analyst David Saxon reiterates SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) with a Buy and maintains $19 price target.

SIBN

Needham Reiterates Buy on SI-BONE, Maintains $19 Price Target

UAVS

AgEagle Aerial Systems Regained Compliance with NYSE American Continued Listing Standards

The main effect on the revenue guidance is the company's decision to terminate its activities in Russia due to limitations and constraints that are imposed with regard to operations there.&nbsp;
The Company raised and narrowed the range of its 2024 GAAP operating income guidance to between $24 million to $26 million, mainly due to the receipt of approximately $11 million in proceeds from an arbitration in Peru in H2 2024.&nbsp;
The Company also narrowed the range of its Adjusted EBITDA guidance to between $41 to $43 million, representing year-over-year growth of 15% at the mid-point.&nbsp;

GILT

Gilat Satellite Networks Narrows 2024 Revenue Guidance From $305M -$325M To $305M - $315M, Est $330.887M

As of September 30, 2024, Gyre had cash and cash equivalents of $15.9 million. Based on current plans, Gyre anticipates that its cash resources as of September 30, 2024 will enable it to fund operations through at least 12 months following the issuance of the condensed financial statements.

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General

GYRE

Gyre Therapeutics Q3 2024 GAAP EPS Of $0.01 Vs. $0.05 YoY, With Adjusted Net Income Of $4.39M Vs. $11.19M YoY

DOLE

Dole Declares Cash Dividend Of $0.08 Per Share, Payable On January 3, 2025

B. Riley Securities analyst Liam Burke downgrades Adams Resources &amp; Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AE#AMEX">AE</a>) from Buy to Neutral and lowers the price target from $45 to $38.

Downgrades

B. Riley Securities Downgrades Adams Resources & Energy to Neutral, Lowers Price Target to $38

Dole Raised FY24  Adjusted EBITDA Target By $10.0M To At Least $380.0M, Sees Capital Expenditure Between $130.0M-$140.0M

Hudbay Minerals Reaffirms FY24 Copper Production Of 137,000 - 176,000 Tonnes And Gold Production Of 263,000 - 319,000 Ounces

Jaguar Mining (TSE:JAG) has released an update. Jaguar Mining has announced significant advancements in the development of its high-grade BA zone a...

Jaguar Mining's High-Grade BA Zone Expands

Small-cap stocks have climbed recently. Here are the ones most poised for further upside

Jaguar Mining (TSE:JAG) has released an update. Jaguar Mining Inc. has reported a slight decline in gold production in the third quarter of 2024, w...

Jaguar Mining Sees Gold Production Dip, Cash Up

Jaguar Mining reports Q3 gold production of 16,912/oz

Alamos Gold (AGI) posted record-high production and profitability, exceeding gold production guidance and analysts' expectations in the second quarter of 2024. Taking into account the company's strong market position, outstanding financial performance, and portfolio expansion, should you invest in this stock? Read on to know more... Alamos Gold Inc. (<a href="https://stocknews.com/stock/AGI/">AGI</a>) engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company is based in Toronto, Canada and primarily explores for gold deposits. The company posted operating revenues of $332.60 million, exceeding analysts' estimates of $293.46 million. And its EPS came in at $0.24 for the quarter, higher than the consensus estimate of $0.19.
During the second quarter, Alamos' Gold production exceeded the quarterly guidance of 123,000 to 133,000 ounces and increased by 2.3% year-over-year to 139,100 ounces, and its Gold sales improved 6.8% from the year-ago value to 140,923 ounces. Also, the average realized gold price was $2,336, up from the prior year's quarter value of $1,978.
The company recently updated its three-year production, operating, and capital guidance, raising consolidated gold production by 13% to range between 550,000 and 590,000 ounces from the prior range of 485,000 – 525,000 ounces. Subsequently, the company has raised the consolidated gold production range for 2025 and 2026 to 575,000 – 625,000 ounces and 630,000 – 680,000 ounces.
In the last quarter, AGI also provided an exploration update at Young-Davidson, having intersected a new style of higher-grade gold mineralization from the mid-mine. It also completed the acquisition of Argonaut and acquired Argonaut's Magino mine, located adjacent to Alamos' Island Gold mine in Ontario, Canada. And continued to strengthen its footprint in North American mines with expanding operations.
Further, the company's prospects are robust, backed by high volatility in gold prices touching record highs. <a href="https://www.reuters.com/markets/commodities/gold-breaks-2600-barrier-fed-cut-bets-prolong-historic-run-2024-09-20/">Gold surpassed the $2,600 level</a> during September for the first time, extending the rally. The market was further boosted by recent Fed interest rate cuts and hopes for further U.S. interest rate cuts, coupled with rising tensions in the Middle East.
Amid gold's impressive jump observed through the year, gold seems poised for further gains, and is forecasted to range from <a href="https://www.cbsnews.com/news/gold-price-forecast-for-october-2024/">$2,600 to $2,800 per ounce</a> this year.
John A. McCluskey, President and Chief Executive Officer, said, "Alamos delivered a record performance in the second quarter. Production exceeded quarterly guidance, increasing to a record 139,100 ounces. We also continue to create value through exploration and our various growth initiatives."
"The Phase 3+ Expansion is progressing well, and the integration of Island Gold with our recently acquired Magino mine is well underway. We expect the integration of the two operations to drive substantial synergies and unlock significant longer-term upside potential supported by the broad-based exploration success we are seeing across the Island Gold District."
Shares of AGI have gained 31% over the past six months and 59.7% over the past year to close its last trading session at $19.64.
Let's look at factors that could influence AGI's performance in the upcoming months.
Positive Recent Developments
On September 4, AGI reported new results from ongoing surface exploration drilling within the Mulatos District, emphasizing defining higher-grade mineralization at Puerto Del Aire and Cerro Pelon. It was reported that the 2024 drill program successfully expanded high-grade mineralization beyond the historical drilling in multiple oxide and sulphide zones.
On July 23, AGI reported results from underground and surface drilling at the Island Gold Mine. The exploration drilling continued to extend high-grade gold mineralization across the Island Gold Deposit and within several hanging wall and footwall structures. The findings are expected to drive further growth in high-grade Mineral Reserves and Resources with the year-end update.
Solid Financials
For the second quarter that ended June 30, 2024, AGI's operating revenues increased 27.4% year-over-year to $332.60 million. Also, its earnings from operations increased 56.7% from the prior quarter's quarter to $138.80 million. Its EBITDA rose 29.9% year-over-year to $180.50 million.
Furthermore, the company's adjusted net earnings came in at $96.90 million and $0.24 per share, indicating 63.4% and 60% increases from the prior year's quarter, respectively. AGI's free cash flow grew 73.5% from the year-ago value to $106.90 million.
Also, the company's cash and cash equivalents stood at $313.60 million as of June 30, 2024, compared to $224.80 million as of December 31, 2023.
Impressive Historical Growth
AGI's revenue grew at a CAGR of 8.9% over the past three years, while its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> improved at a CAGR of 6.4%. Its EBIT increased at a CAGR of 7.5% over the same period, while the company's net income and EPS grew at respective CAGRs of 103.7% and 102.9% over the same time frame.
In addition, the company's tangible book value and total assets increased at CAGRs of 4.1% and 5.8% over the same timeframe, respectively.
Favorable Analyst Estimates
Analysts expect AGI's revenue for the third quarter (ended September 2024) to come in at $367.80 million, indicating an increase of 43.6% year-over-year. The consensus EPS estimate of $0.22 for the same period reflects a 54.4% year-over-year improvement. Moreover, the company topped consensus EPS estimates in all four trailing quarters, which is remarkable.
For the fiscal year (ending December 2024), the company's revenue and EPS are anticipated to grow 30.6% and 54.3% year-over-year to $1.34 billion and $0.82, respectively. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 15% and 34.5% from the prior year to $1.54 billion and $1.10, respectively.
High Profitability
AGI's trailing-12-month EBIT margin of 33.43% is 206.6% higher than the 10.90% industry average. Its trailing-12-month net income margin of 17.73% is significantly higher than the industry average of 5.05%. Likewise, the stock's trailing-12-month levered FCF margin of 13.23% is 158.8% higher than the industry average of 5.11%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 6.72%, 7.92%, and 4.77% are higher than the 5.96%, 4.96%, and 2.40% industry average, respectively.
POWR Ratings Reflect Promise
AGI's solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AGI has an A grade for Sentiment, consistent with its optimistic analyst estimates.
The stock also has a B grade for Growth and Quality, which is in sync with its robust financial performance and higher profitability relative to its peers.
AGI is ranked #8 among the 42 stocks in the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry.
Beyond what I have stated above, we have also given AGI grades for Momentum, Stability, Growth, and Value. Get access to all the AGI ratings <a href="https://stocknews.com/stock/AGI/">here</a>.
Bottom Line
AGI reported impressive production increase in the last reported quarter and with surging gold prices, the market is currently in its favor. Further, the company's long-term prospects appear promising, driven by solid demand, expanding business operations, strategic initiatives, and solid financial performance.
Given AGI's strong financial performance, accelerating profitability, strong market position, and robust growth outlook, it could be wise to invest in this stock.
How Does Alamos Gold Inc. (AGI) Stack Up Against Its Peers?
While AGI has an overall POWR Rating of A, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry with A (Strong Buy) or B (Buy) ratings: Jaguar Mining Inc. (<a href="https://stocknews.com/stock/JAGGF/">JAGGF</a>), Dundee Precious Metals Inc. (<a href="https://stocknews.com/stock/DPMLF/">DPMLF</a>), and Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGF</a>).
For exploring more A and B-rated miners stocks, <a href="https://stocknews.com/category/gold-miners/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
AGI shares were trading at $19.56 per share on Tuesday afternoon, down $0.08 (-0.41%). Year-to-date, AGI has gained 45.90%, versus a 22.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/agi-jaggf-dpmlf-kgf-should-you-bet-on-alamos-golds-consistent-production-gains/>Should You Bet on Alamos Gold's Consistent Production Gains?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should You Bet on Alamos Gold's Consistent Production Gains?

Jaguar Mining reports Q3 results

Jaguar Mining (TSE:JAG) has released an update. Jaguar Mining reported a slight decrease in gold production and sales for the third quarter of 2024...

Jaguar Mining Sees Higher Gold Prices Amid Mixed Results

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Press Releases

Jaguar Mining Announces Passing of Director John Ellis

Jaguar Mining Reports Financial Results for the First Quarter 2024

Jaguar Mining Provides Update on Faina Access and Intersects High Grades in Development and Diamond Drill Holes

Jaguar Mining Announces Voting Results for Its Annual General Meeting of Shareholders

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