Mako Mining Corp. (NASDAQ:MAKO – Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $10.28 and last traded at $9.99, with a volume of 321496 shares changing hands. The stock had previously closed at $9.89.
Wall Street Analysts Forecast Growth
MAKO has been the subject of several recent research reports. Wall Street Zen lowered Mako Mining from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Finally, Zacks Research upgraded shares of Mako Mining to a “hold” rating in a report on Wednesday, June 17th. One equities 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 company has an average rating of “Moderate Buy”.
Get Our Latest Report on Mako Mining
Mako Mining Price Performance
Mako Mining (NASDAQ:MAKO – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.26 EPS for the quarter. The firm had revenue of $68.59 million for the quarter. Mako Mining had a return on equity of 36.55% and a net margin of 25.62%. On average, research 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.
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