Mako Mining (NASDAQ:MAKO) Reaches New 1-Year High – Here’s What Happened

Mako Mining Corp. (NASDAQ:MAKO)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.30 and last traded at $9.1810, with a volume of 49731 shares traded. The stock had previously closed at $8.66.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MAKO shares. Wall Street Zen upgraded Mako Mining to a “strong-buy” rating in a research note on Friday, April 17th. Weiss Ratings raised Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, Zacks Research upgraded Mako Mining to a “hold” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Mako Mining Trading Up 6.9%

The stock has a market capitalization of $810.74 million and a P/E ratio of 35.54.

Mako Mining (NASDAQ:MAKO) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.26 earnings per share for the quarter. Mako Mining had a net margin of 25.62% and a return on equity of 36.55%. The business had revenue of $68.59 million during the quarter. As a group, equities research analysts anticipate that Mako Mining Corp. will post 0.77 EPS for the current fiscal year.

Mako Mining Company Profile

Mako Mining Corp. is a gold mining company focused on the acquisition, exploration, and development of precious metals assets. The company’s work centers on advancing mining projects and operating producing assets, with an emphasis on generating gold from its portfolio of properties.

The company is based in Canada and has operated in Central America, including Nicaragua, where it has developed and worked on mining assets. Mako Mining’s business activities typically include mine development, mineral exploration, and the processing and sale of gold production from its operations.

Mako Mining was formed through the combination of mining assets and management expertise from earlier-stage precious metals ventures.