Monument Mining (CVE:MMY) PT Set at C$0.56 by Fundamental Research

Monument Mining (CVE:MMY) received a C$0.56 target price from stock analysts at Fundamental Research in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s target price would indicate a potential upside of 93.10% from the company’s previous close.

Monument Mining Stock Down 4.9 %

Shares of CVE:MMY opened at C$0.29 on Wednesday. The company has a fifty day moving average of C$0.21 and a 200-day moving average of C$0.17. The company has a market capitalization of C$95.10 million, a PE ratio of 9.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 3.06. Monument Mining has a 52-week low of C$0.10 and a 52-week high of C$0.31.

Monument Mining (CVE:MMY) last announced its quarterly earnings results on Monday, September 30th. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$25.45 million during the quarter. Monument Mining had a net margin of 12.53% and a return on equity of 5.48%. On average, equities analysts predict that Monument Mining will post 0.01 EPS for the current fiscal year.

Monument Mining Company Profile

Monument Mining Limited operates as a gold producer, engages in the acquisition, exploration, and development of gold, precious metals, and other base metal properties in Canada, Australia, and Malaysia. The company holds 100% interest in the Selinsing gold mine, including the Selinsing, Buffalo Reef, Felda Land, and Famehub projects that are located in Pahang State within the Central Gold Belt of Western Malaysia; and the Murchison gold project portfolio comprising the Burnakura, Tuckanarra, and Gabanintha projects, which are located in the Murchison region of Western Australia.