Mako Mining Corp (MKO) AI Stock Analysis

• Market Cap: C$566.33M
• Dividend Yield: N/A
• Average Volume (3M): 125.10K
• Price to Earnings (P/E): 17.1
• Beta (1Y): 1.60
• Revenue Growth: 45.36%
• EPS Growth: -14.35%
• Country: CA
• Employees: 30
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.02
• Shares Outstanding: 80,102,750
• 10 Day Avg. Volume: 204,723
• 30 Day Avg. Volume: 125,104
• PEG Ratio: 0.05
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 1.73
• P/FCF Ratio: 7.38
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: C$8.50 ▲(19.72% Upside)

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.

Mako Mining Corp Business Overview & Revenue Model

Company Description

Mako Mining Corp. operates as a gold mining and exploration company in Nicaragua. The company primarily explores for gold and silver deposits. Its primary asset is the San Albino property located in Nueva Segovia, Nicaragua. The company was formerly known as Golden Reign Resources Ltd. and changed its name to Mako Mining Corp. in November 2018. Mako Mining Corp. was incorporated in 2004 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Mako Mining Corp generates revenue primarily through the sale of gold extracted from its mining operations. The company's revenue model is heavily reliant on gold production, with key revenue streams including the direct sale of gold bullion and potential income from by-products associated with its mining activities. Mako Mining has established partnerships with various suppliers and service providers to enhance its operational efficiency and reduce costs. Additionally, fluctuations in gold prices on global markets significantly impact the company's earnings, making its revenue sensitive to changes in commodity prices. The company's focus on exploration and development of new gold projects also positions it for future growth and revenue generation.

Mako Mining Corp Financial Statement Overview

Summary

Mako Mining Corp demonstrates strong financial performance with robust revenue growth and profitability. The company maintains a healthy balance sheet with low leverage and strong cash flow generation. However, a slight decrease in the gross profit margin and the need to monitor debt levels are areas to watch.

Income Statement

Mako Mining Corp has demonstrated strong revenue growth with a TTM (Trailing-Twelve-Months) increase of 9.97%. The company maintains solid profitability, evidenced by a gross profit margin of 49.14% and a net profit margin of 20.23% in the TTM period. The EBIT and EBITDA margins are also robust at 35.39% and 42.03%, respectively, indicating efficient operations. However, the gross profit margin has slightly decreased compared to the previous year, which could be a point of concern if the trend continues.

Balance Sheet

The balance sheet of Mako Mining Corp shows a healthy debt-to-equity ratio of 0.052, indicating low leverage and financial stability. The return on equity is strong at 28.17%, reflecting effective use of equity to generate profits. The equity ratio stands at 66.82%, suggesting a solid capital structure. However, the company should monitor its debt levels to maintain this stability.

Cash Flow

The cash flow statement reveals a significant improvement in free cash flow growth at 49.41% in the TTM period. The operating cash flow to net income ratio is 2.94, indicating strong cash generation relative to net income. The free cash flow to net income ratio is 0.67, showing that a substantial portion of net income is converted into free cash flow. These metrics suggest strong cash flow management, although the company should continue to focus on sustaining this growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	115.09M	92.08M	65.95M	63.38M	30.93M	1.40M
Gross Profit	56.56M	46.38M	24.65M	12.04M	11.52M	437.71K
EBITDA	48.37M	37.83M	23.31M	12.25M	18.99M	-11.87M
Net Income	23.28M	19.15M	6.80M	-11.98M	9.96M	-12.13M
Balance Sheet
Total Assets	144.32M	107.08M	41.81M	45.17M	54.97M	49.43M
Cash, Cash Equivalents and Short-Term Investments	28.89M	14.52M	1.50M	523.00K	1.94M	2.63M
Total Debt	5.06M	4.97M	7.77M	12.97M	21.73M	16.87M
Total Liabilities	47.88M	30.16M	21.18M	31.50M	29.00M	32.52M
Stockholders Equity	96.45M	76.92M	20.63M	13.67M	25.97M	16.91M
Cash Flow
Free Cash Flow	31.56M	21.57M	7.71M	7.58M	-8.28M	-39.09M
Operating Cash Flow	47.15M	34.45M	12.47M	16.38M	137.00K	-9.13M
Investing Cash Flow	-21.39M	-13.19M	-4.76M	-8.80M	-6.30M	-28.83M
Financing Cash Flow	-3.88M	-8.23M	-6.75M	-8.99M	3.12M	35.30M

Mako Mining Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 7.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MKO, the sentiment is Neutral. The current price of 7.1 is below the 20-day moving average (MA) of 7.41, below the 50-day MA of 7.56, and above the 200-day MA of 5.55, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 41.93 is Neutral, neither overbought nor oversold. The STOCH value of 17.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MKO.

Mako Mining Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGN	76 Outperform	C$128.81M	28.11	6.34%	―	22.53%	―
MKO	73 Outperform	C$566.33M	17.12	29.30%	―	45.36%	-14.35%
ELE	63 Neutral	C$486.67M	74.97	2.92%	―	131.18%	150.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
IAU	52 Neutral	C$1.00B	-3.01	-37.59%	―	70.93%	39.27%
NFG	43 Neutral	C$675.64M	―	-50.06%	―	―	28.06%
RML	25 Underperform	C$689.42M	―	―	―	―	-103.33%

Mako Mining Corp Corporate Events

Mako Mining Secures C$55.25 Million in Private Placements to Boost Operations

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.

Mako Mining Corp Secures C$50 Million for Operational Expansion

Mako Mining Corp announced a significant financial move with a C$35 million bought deal private placement of common shares, alongside a concurrent C$15 million non-brokered private placement. This initiative is aimed at raising a total of C$50 million, which will be used to ramp up operations at the Moss Mine, construct development assets, and for general working capital. The offering is expected to close by October 28, 2025, pending necessary regulatory approvals. This strategic financial maneuver is crucial for Mako Mining’s operational expansion and could strengthen its position in the mining industry.

The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Mako Mining Corp stock, see the TSE:MKO Stock Forecast page.

Mako Mining Expands into US with Mt. Hamilton Acquisition

Mako Mining Corp has announced its proposed acquisition of the Mt. Hamilton Gold-Silver Project in Nevada, marking its first venture into USA domiciled critical metals. This acquisition involves a strategic partnership with Sailfish Royalty Corp and is structured to avoid equity dilution, potentially enhancing Mako’s market position in the critical metals sector. The project is fully permitted for an open pit, heap leach gold-silver operation and includes a well-defined tungsten-copper-molybdenum target, offering significant potential for resource expansion and economic extraction.

The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Mako Mining Corp stock, see the TSE:MKO Stock Forecast page.

Mako Mining Corp Achieves Record Q2 2025 Financial Results

Mako Mining Corp reported strong financial results for the second quarter of 2025, with record adjusted EBITDA of $21.3 million and a significant increase in cash by $18.2 million. The company achieved a net income of $8.8 million, selling 11,476 ounces of gold at an average price of $3,323 per ounce. The results reflect robust operational performance, with a return on equity of 33.9% and a return on assets of 23.5%. Mako Mining plans to continue its growth trajectory with the recommencement of mining at Moss and advancing the Eagle Mountain project in Guyana.

The most recent analyst rating on (TSE:MKO) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Mako Mining Corp stock, see the TSE:MKO Stock Forecast page.

Mako Mining Expands Drilling at El Golfo Following High-Grade Gold Discoveries

Mako Mining Corp has announced significant results from its 2025 drilling program at the El Golfo area within the El Jicaro Concession in Nicaragua. The drilling has revealed high-grade gold mineralization, prompting the company to expand its drilling efforts to better define the extent of the mineralization. These findings could potentially enhance Mako’s mining operations and strategic positioning in the region, as the El Golfo area may be incorporated into the company’s mine plan if further results are successful.