Mako Mining (CVE:MKO) Hits New 12-Month High – Still a Buy?

Mako Mining (CVE:MKO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$12.16 and last traded at C$12.13, with a volume of 222829 shares. The stock had previously closed at C$11.49.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$20.00 target price on shares of Mako Mining and gave the company a “speculative buy” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$20.00.

Mako Mining Stock Performance

The stock has a market cap of C$1.06 billion, a P/E ratio of 22.05 and a beta of 1.78. The business has a 50 day simple moving average of C$10.66 and a 200-day simple moving average of C$10.29.

About Mako Mining

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.