Mako Mining Corp (MKO) AI Stock Analysis

• Market Cap: C$352.07M
• Dividend Yield: N/A
• Average Volume (3M): 52.76K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 1.22
• Revenue Growth: 62.85%
• EPS Growth: N/A
• Country: CA
• Employees: 30
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.38
• Shares Outstanding: 79,295,616
• 10 Day Avg. Volume: 73,310
• 30 Day Avg. Volume: 52,761
• PEG Ratio: 0.07
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.51
• Price to Cash Flow (P/CF): 11.80
• P/FCF Ratio: 44.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Mako Mining Corp's strong financial performance, characterized by impressive revenue and profit growth and solid balance sheet metrics, is the primary driver of its favorable stock score. While technical indicators show a positive trend, the high RSI suggests caution due to potential overbought conditions. The attractive valuation with a low P/E ratio further supports the stock's potential, despite the absence of dividends.

Mako Mining Corp Business Overview & Revenue Model

Company Description

Mako Mining Corp (MKO) is a publicly traded mining company primarily engaged in the exploration and production of precious metals, with a focus on gold mining. The company operates in the natural resources sector, leveraging its expertise to develop and manage mining projects that contribute to the supply of gold and other valuable minerals. Mako Mining is dedicated to sustainable and responsible mining practices, ensuring minimal environmental impact while maximizing stakeholder value.

How the Company Makes Money

Mako Mining Corp generates revenue through the extraction and sale of gold and other precious metals. The company's primary revenue stream comes from the sale of gold produced from its mining operations. Mako Mining operates mining projects that involve exploration, development, and production phases, allowing it to extract valuable minerals from the earth. The company may also engage in strategic partnerships or joint ventures that provide additional capital or resources to enhance its mining operations and expand its production capacity. Additionally, the company benefits from fluctuations in commodity prices, which can impact the overall revenue generated from its mineral sales.

Mako Mining Corp Financial Statement Overview

Summary

Mako Mining Corp exhibits a strong financial performance with steady revenue and profit growth, efficient cost management, and robust profitability margins. The balance sheet is solid with low leverage, and cash flow generation is strong, supporting further growth and financial stability. These factors position the company well for future opportunities, though asset efficiency should be monitored closely.

Income Statement

Mako Mining Corp has demonstrated a strong performance in the TTM with a significant increase in total revenue and net income. Gross profit margin is robust at approximately 50.1%, and the net profit margin has improved to 26.8%, reflecting efficient cost management and operational effectiveness. The revenue growth rate from the previous year is impressive at 35.97%, indicating strong market demand or improved production. Both EBIT and EBITDA margins are healthy, at 37.2% and 52.7% respectively, pointing towards excellent profitability.

Balance Sheet

The company maintains a solid balance sheet with a debt-to-equity ratio of 0.065, indicating low leverage and reduced financial risk. The return on equity (ROE) is strong at 34.1%, showing effective use of shareholder funds to generate profits. The equity ratio stands at 73.2%, suggesting a stable capital structure with a high proportion of equity financing. However, the total assets have increased significantly, which could imply a need for monitoring asset efficiency.

Cash Flow

Mako Mining Corp shows a healthy cash flow position with a strong operating cash flow to net income ratio of 1.17, indicating good cash generation relative to net earnings. The free cash flow has grown substantially by 147.28% from the previous period, demonstrating improved cash generation capabilities. The free cash flow to net income ratio is 0.79, which is favorable and supports future investment and debt servicing.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
89.70M	65.95M	63.38M	30.93M	1.40M	17.08M
	Gross Profit
44.99M	24.00M	32.38M	11.52M	728.00K	-20.47M
	EBIT
33.33M	22.84M	-5.53M	-833.00K	-11.29M	-12.26M
	EBITDA
47.29M	23.31M	14.93M	4.80M	-11.87M	-18.10M
	Net Income Common Stockholders
24.01M	6.80M	-11.98M	9.96M	-12.13M	-18.46M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.48M	1.50M	523.00K	1.94M	2.63M	5.52M
	Total Assets
53.32M	41.81M	45.17M	54.12M	49.43M	23.14M
	Total Debt
0.00	7.77M	15.75M	21.73M	16.87M	0.00
	Net Debt
-1.48M	6.27M	15.22M	19.79M	14.23M	-5.52M
	Total Liabilities
25.97M	21.18M	31.50M	29.00M	32.52M	15.29M
	Stockholders Equity
27.35M	20.63M	13.67M	25.12M	16.91M	7.85M
Cash Flow		Free Cash Flow
19.06M	7.71M	7.58M	-8.28M	-39.09M	-26.36M
	Operating Cash Flow
28.16M	12.47M	16.38M	137.00K	-9.13M	-12.49M
	Investing Cash Flow
-9.39M	-4.76M	-8.80M	-3.86M	-28.83M	-13.27M
	Financing Cash Flow
-14.52M	-6.75M	-8.99M	3.12M	35.30M	26.81M

Mako Mining Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MKO, the sentiment is Positive. The current price of 4.44 is above the 20-day moving average (MA) of 4.08, above the 50-day MA of 4.01, and above the 200-day MA of 3.41, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 64.27 is Neutral, neither overbought nor oversold. The STOCH value of 75.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MKO.

Mako Mining Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$2.94B	19.63	26.82%	―	77.93%	236.93%
WDO	78 Outperform	C$2.50B	19.53	27.15%	―	67.54%	―
MKO	76 Outperform	C$352.07M	11.60	38.08%	―	62.85%	―
BTO	66 Neutral	$5.64B	―	-18.54%	4.59%	-0.18%	-2195.85%
Sector *	47 Neutral	$2.49B	-2.97	-22.82%	3.51%	4.13%	-28.53%

Mako Mining Corp Corporate Events

Mako Mining Achieves Record Gold Revenue in Q4 2024

Mako Mining Corp. reported record gold revenues of $28.8 million for the fourth quarter of 2024, driven by robust production at its San Albino mine in Nicaragua. The company experienced a significant recovery in gold production, with recovered gold ounces increasing by 134% compared to the previous quarter, despite earlier delays due to permitting issues. The increase in production and sales has positively impacted Mako’s cash balance, which rose by $9.5 million, enhancing the company’s financial position and operational stability.

Mako Mining Reports Strong Q3 2024 Results

Mako Mining Corp. reported its Q3 2024 financial results, showcasing $15.7 million in revenue and a net income of $0.4 million despite facing operational challenges. The acquisition of Goldsource Mines played a significant role in the results, and the company successfully managed debt repayments and stock repurchasing.

Mako Mining to Acquire Arizona’s Moss Mine

Mako Mining Corp has announced plans to acquire the Moss Mine in Arizona, aiming to expand its operations in the Americas. The transaction involves a cash payment and could close by February 2025, allowing Mako to restart mining operations at the Moss site. This strategic move comes as Mako looks to optimize production and capitalize on increased cash flow from its current operations.