Mako Mining (CVE:MKO) Hits New 52-Week High – Here’s What Happened

Mako Mining (CVE:MKO)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$12.16 and last traded at C$12.13, with a volume of 222829 shares trading hands. The stock had previously closed at C$11.49.

Wall Street Analysts Forecast Growth

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

Mako Mining Stock Up 5.6%

The firm’s 50-day moving average price is C$10.66 and its 200 day moving average price is C$10.29. The company has a market capitalization of C$1.06 billion, a P/E ratio of 22.05 and a beta of 1.78.

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.