Mako Mining (NASDAQ:MAKO) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Mako Mining (NASDAQ:MAKO) from a strong-buy rating to a hold rating in a report published on Saturday morning.

MAKO has been the subject of a number of other reports. Weiss Ratings raised Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Zacks Research raised Mako Mining to a “hold” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Mako Mining Stock Performance

MAKO stock opened at $10.12 on Friday. The firm has a market cap of $886.51 million and a PE ratio of 38.92. The business has a 50-day moving average price of $7.80. Mako Mining has a fifty-two week low of $4.18 and a fifty-two week high of $10.28.

Mako Mining (NASDAQ:MAKO) last posted its earnings results on Friday, May 15th. The company reported $0.26 earnings per share (EPS) for the quarter. Mako Mining had a net margin of 25.62% and a return on equity of 36.55%. The firm had revenue of $68.59 million during the quarter. On average, analysts expect that Mako Mining will post 0.77 earnings per share for the current fiscal 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.