Wall Street Zen Downgrades Mako Mining (NASDAQ:MAKO) to Hold

Mako Mining (NASDAQ:MAKO) was downgraded by Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages have also recently issued reports on MAKO. Zacks Research upgraded Mako Mining to a “hold” rating in a research report on Wednesday, June 17th. Weiss Ratings upgraded Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Mako Mining Price Performance

Shares of Mako Mining stock opened at $10.12 on Friday. Mako Mining has a 1 year low of $4.18 and a 1 year high of $10.28. The stock has a market cap of $886.51 million and a P/E ratio of 38.92. The stock’s fifty day simple moving average is $7.80.

Mako Mining (NASDAQ:MAKO) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.26 EPS for the quarter. Mako Mining had a net margin of 25.11% and a return on equity of 37.24%. The company had revenue of $68.59 million for the quarter. As a group, sell-side analysts anticipate that Mako Mining will post 0.77 earnings per share for the current year.

About Mako Mining

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.