Mako Mining (CVE:MKO) Hits New 52-Week High – Still a Buy?

Mako Mining (CVE:MKO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$13.80 and last traded at C$13.77, with a volume of 182876 shares. The stock had previously closed at C$13.39.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$20.00 target price on shares of Mako Mining and gave the stock a “speculative buy” rating in a research report on Tuesday, June 16th. One 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 Price Performance

The company has a market capitalization of C$1.21 billion, a P/E ratio of 25.04 and a beta of 1.78. The stock has a 50-day moving average price of C$10.76 and a 200-day moving average price of C$10.40.

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.