Mako Mining (CVE:MKO) Reaches New 12-Month High – Here’s Why

Shares of Mako Mining (CVE:MKO) hit a new 52-week high during mid-day 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.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$20.00 price target on 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, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$20.00.

Mako Mining Trading Up 9.4%

The stock has a 50 day moving average of C$10.69 and a 200-day moving average of C$10.33. The stock has a market capitalization of C$1.16 billion, a P/E ratio of 24.13 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.