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An update from Mako Mining Corp ( (TSE:MKO) ) is now available.
Mako Mining Corp has successfully closed a C$40.25 million bought deal private placement and a concurrent C$15 million non-brokered private placement of common shares. The proceeds from these offerings will be used to ramp up operations at the Moss Mine, construct development assets, and for general working capital. This financial maneuvering positions Mako Mining to enhance its operational capabilities and potentially increase its market presence.
The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Mako Mining Corp stock, see the TSE:MKO Stock Forecast page.
Spark’s Take on TSE:MKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:MKO is a Outperform.
Mako Mining Corp’s overall stock score is driven by strong financial performance and a positive technical trend. The valuation is moderate, with a P/E ratio that suggests fair pricing. The lack of earnings call data and corporate events limits the analysis to these core components.
To see Spark’s full report on TSE:MKO stock, click here.
More about Mako Mining Corp
Mako Mining Corp is a company operating in the mining industry, primarily focused on gold production and exploration. The company is engaged in the development and operation of mining assets, with a market focus on expanding its operations and increasing production capacity.
Average Trading Volume: 118,993
Technical Sentiment Signal: Buy
Current Market Cap: C$616.8M
See more insights into MKO stock on TipRanks’ Stock Analysis page.