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Mako Mining Corp
(MKO)
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Rating:76Outperform
Price Target:
C$16.00
▲(58.73% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial performance (high margins, solid cash generation, and modest leverage), supported by bullish technical positioning above all major moving averages. The main constraints are overextended momentum signals (RSI/Stoch) that raise pullback risk and a valuation that appears only mid-range (P/E ~18) without a provided dividend yield.
Positive Factors
Strong profitability and revenue scale
The company has achieved substantial revenue scale with robust gross, operating and net margins. This profitability provides resilience, supports reinvestment and indicates that its producing assets can generate meaningful earnings over the medium term.
Negative Factors
Historical earnings volatility
The swing from a 2022 loss to strong subsequent profits shows that results can vary materially across operating periods. Gold production, costs and commodity exposure may therefore make earnings less predictable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and revenue scale
The company has achieved substantial revenue scale with robust gross, operating and net margins. This profitability provides resilience, supports reinvestment and indicates that its producing assets can generate meaningful earnings over the medium term.
Read all positive factors
Mako Mining Corp (MKO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.19B
Dividend YieldN/A
Average Volume (3M)125.10K
Price to Earnings (P/E)16.4
Beta (1Y)2.08
Revenue Growth79.46%
EPS Growth102.76%
CountryCA
Employees30
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.60
Shares Outstanding87,605,910
10 Day Avg. Volume204,723
30 Day Avg. Volume125,104
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)3.15
Price to Sales (P/S)3.19
P/FCF Ratio11.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.00Price Target Upside98.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.07
Revenue Forecast (FY)N/A
Mako Mining Corp Business Overview & Revenue Model
Company Description
Based in Vancouver, Canada, Mako Mining Corp. is a gold exploration and extraction enterprise established in 2004. Operating within Nicaragua, the company's core business involves the search for gold and silver reserves. Its flagship asset is the ...
How the Company Makes Money
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Mako Mining Corp Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 206.42M | 148.47M | 92.08M | 65.95M | 63.38M | 35.50M |
| Gross Profit | 104.24M | 75.02M | 46.38M | 24.00M | 12.04M | 12.46M |
| EBITDA | 96.38M | 63.93M | 37.83M | 23.31M | 12.25M | 18.99M |
| Net Income | 52.13M | 33.74M | 19.15M | 6.80M | -11.98M | 9.96M |
Balance Sheet | ||||||
| Total Assets | 296.50M | 208.44M | 107.08M | 41.81M | 45.17M | 54.97M |
| Cash, Cash Equivalents and Short-Term Investments | 112.02M | 77.51M | 14.52M | 1.50M | 523.00K | 1.94M |
| Total Debt | 41.71M | 69.00K | 4.97M | 7.77M | 12.97M | 21.73M |
| Total Liabilities | 106.24M | 57.71M | 30.16M | 21.18M | 31.50M | 29.00M |
| Stockholders Equity | 190.27M | 150.73M | 76.92M | 20.63M | 13.67M | 25.97M |
Cash Flow | ||||||
| Free Cash Flow | 55.74M | 40.66M | 21.57M | 7.71M | 7.58M | -8.28M |
| Operating Cash Flow | 72.53M | 52.98M | 34.45M | 12.47M | 16.38M | 137.00K |
| Investing Cash Flow | -58.99M | -20.34M | -13.19M | -4.76M | -8.80M | -6.30M |
| Financing Cash Flow | 28.73M | 30.07M | -8.23M | -6.75M | -8.99M | 3.12M |
Mako Mining Corp Technical Analysis
Positive
10.08
Price Trends
11.07
Positive
10.78
Positive
9.81
Positive
Market Momentum
0.91
Negative
68.25
Neutral
88.10
Negative
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 10.08 is below the 20-day moving average (MA) of 11.73, below the 50-day MA of 11.07, and above the 200-day MA of 9.81, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 68.25 is Neutral, neither overbought nor oversold. The STOCH value of 88.10 is Negative, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$1.19B | 16.37 | 33.99% | ― | 79.46% | 102.76% | |
57 Neutral | C$2.06B | -79.08 | -62.91% | ― | ― | -67.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$609.32M | 13.03 | 26.76% | ― | ― | ― | |
51 Neutral | C$1.23B | -14.97 | -30.98% | ― | ― | -432.69% | |
42 Neutral | C$736.63M | -1.96 | 87.93% | ― | ― | -397.07% |
* General Sector Average
TSE:MKO
Mako Mining Corp
13.68
7.87
135.46%
TSE:OMG
Omai Gold Mines
2.98
2.13
250.59%
TSE:FF
First Mining Gold
0.86
0.69
411.90%
TSE:HSTR
Heliostar Metals
2.14
0.91
73.98%
TSE:RML
Rusoro Mining
1.17
-0.04
-3.31%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.