Mako Mining (NASDAQ:MAKO) Stock Rating Upgraded by Wall Street Zen

Mako Mining (NASDAQ:MAKO) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Mako Mining from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Mako Mining Stock Performance

MAKO stock opened at $7.40 on Friday. Mako Mining has a twelve month low of $4.96 and a twelve month high of $11.10. The company has a fifty day moving average of $8.98.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mako Mining stock. Public Employees Retirement System of Ohio raised its position in Mako Mining Corp. (NASDAQ:MAKO) by 61.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,200 shares of the company’s stock after purchasing an additional 9,600 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mako Mining were worth $185,000 as of its most recent filing with the SEC.

About Mako Mining

Mako Mining is a Canadian gold mining and exploration company focused on developing and operating gold assets in the Americas. Its activities include mining, processing and selling gold, as well as exploring for additional mineral resources. The company’s principal operating asset is the San Albino mine and related concessions in northern Nicaragua. Mako also owns the Eagle Mountain gold project in Guyana, which it is advancing through exploration and development work. Mako was formed in 2019 through the combination of Marlin Gold Mining and Golden Reign Resources.