Mako Mining (NASDAQ:MAKO) Reaches New 12-Month High – Time to Buy?

Shares of Mako Mining Corp. (NASDAQ:MAKO) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.28 and last traded at $9.99, with a volume of 321496 shares. The stock had previously closed at $9.89.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAKO. Weiss Ratings raised Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Zacks Research upgraded Mako Mining to a “hold” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded Mako Mining to a “strong-buy” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Mako Mining has a consensus rating of “Moderate Buy”.

Mako Mining Trading Up 1.0%

The company has a market capitalization of $875.12 million and a P/E ratio of 38.42.

Mako Mining (NASDAQ:MAKO) last announced 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 for the quarter. Equities analysts anticipate that Mako Mining Corp. will post 0.77 earnings per share 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.