Mako Mining (CVE:MKO) Hits New 1-Year High – Still a Buy?

Mako Mining (CVE:MKO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$14.25 and last traded at C$14.18, with a volume of 16845 shares. The stock had previously closed at C$13.68.

Wall Street Analysts Forecast Growth

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

Mako Mining Trading Up 0.8%

The business has a 50 day simple moving average of C$11.25 and a two-hundred day simple moving average of C$10.58. The stock has a market cap of C$1.27 billion, a price-to-earnings ratio of 24.53 and a beta of 1.78.

Mako Mining Company Profile

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.