Mako Mining Corp. (NASDAQ:MAKO – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 26,123 shares, a decline of 63.7% from the August 15th total of 72,006 shares. Based on an average trading volume of 199,663 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Investors Weigh In On Mako Mining
An institutional investor recently raised its position in Mako Mining stock. Public Employees Retirement System of Ohio increased its position in shares of Mako Mining Corp. (NASDAQ:MAKO – Free Report) by 61.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,200 shares of the company’s stock after purchasing an additional 9,600 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mako Mining were worth $185,000 at the end of the most recent quarter.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Wall Street Zen downgraded Mako Mining from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Mako Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Finally, Zacks Research upgraded Mako Mining to a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Mako Mining has an average rating of “Moderate Buy”.
Mako Mining Trading Up 2.6%
MAKO stock traded up $0.26 during trading on Friday, hitting $10.08. The company had a trading volume of 173,327 shares, compared to its average volume of 170,380. The firm’s fifty day moving average is $8.84. The stock has a market capitalization of $883.07 million and a P/E ratio of 24.59. Mako Mining has a fifty-two week low of $4.78 and a fifty-two week high of $11.10.
Mako Mining (NASDAQ:MAKO – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $68.59 million during the quarter. Mako Mining had a return on equity of 34.25% and a net margin of 25.11%. As a group, analysts expect that Mako Mining will post 0.78 earnings per share for the current year.
Mako Mining Company Profile
Mako Mining Corp. is a gold mining and exploration company focused on the acquisition, development and operation of mineral properties in Nicaragua. The company’s principal asset is the San Albino Gold Project in the Nueva Segovia region, a historically productive gold-mining district.
San Albino includes the San Albino and Las Conchitas deposits, where Mako conducts mining, processing and exploration activities. The company’s operations are centered on producing gold and expanding its resource base through exploration and development of nearby mineralized zones.
Mako Mining was formed through the consolidation of assets formerly associated with Marlin Gold Mining.
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