Mako Mining (CVE:MKO) Stock Falls 3.1% – Time to Sell?

Mako Mining (CVE:MKO) was down 3.1% during mid-day trading on Wednesday. The company traded as low as C$12.26 and last traded at C$12.50. Approximately 70,007 shares changed hands during trading, a decline of 48% from the average daily volume of 135,582 shares. The stock had previously closed at C$12.90.

Wall Street Analysts Forecast Growth

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

Mako Mining Stock Performance

The stock has a 50-day moving average of C$13.63 and a two-hundred day moving average of C$11.56. The company has a market cap of C$1.17 billion, a P/E ratio of 22.68 and a beta of 2.01.

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.