Mako Mining (NASDAQ:MAKO) Reaches New 52-Week High – What’s Next?

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on MAKO shares. Wall Street Zen upgraded Mako Mining to a “strong-buy” rating in a report on Friday, April 17th. Zacks Research raised Mako Mining to a “hold” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings raised Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Mako Mining Price Performance

The stock has a market capitalization of $875.12 million and a price-to-earnings ratio of 38.42.

Mako Mining (NASDAQ:MAKO) last announced its earnings results on Friday, May 15th. The company reported $0.26 EPS for the quarter. Mako Mining had a return on equity of 36.55% and a net margin of 25.62%.The company had revenue of $68.59 million during the quarter. As a group, equities analysts expect that Mako Mining Corp. will post 0.77 EPS for the current 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.