Jaguar Mining "With JAG indicating the strategic review will be completed in Q2'12, we expect that investor's immediate focus will remain on the potential for a takeover, which we continue to think is low," National Bank Financial analysts wrote in a March 27 report. "We stress, however, that investors should also focus on JAG's now more significant financing risk. Considering JAG's cash position and expectation for continued weak operating performance, we expect JAG could require fairly imminent financing to sustain its current operations on top of financing to drive its only growth project, Gurupi." Shares of Jaguar Mining hit a 52-week low Tuesday of $4. The stock's 52-week high of $8.18 was set on Nov. 16. Jaguar's forward P/E is 16.47; the average for gold mining companies is 11.64. For comparison, Newmont Mining ( NEM) has a lower forward P/E of 8.58. Three of the five analysts who cover Jaguar mining rated it sell; two analysts gave the stock a hold rating. TheStreet Ratings gives Jaguar a D+ grade and sell rating. The stock has declined 26.5% year to date. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.