Mako Mining (CVE:MKO) Reaches New 52-Week High – Time to Buy?

Mako Mining (CVE:MKO) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$13.80 and last traded at C$13.77, with a volume of 182876 shares trading hands. The stock had previously closed at C$13.39.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$20.00 price objective on Mako Mining and gave the stock a “speculative buy” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$20.00.

Mako Mining Stock Performance

The stock has a fifty day simple moving average of C$10.76 and a two-hundred day simple moving average of C$10.40. The stock has a market cap of C$1.21 billion, a price-to-earnings ratio of 25.04 and a beta of 1.78.

Mako Mining Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company’s Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings.