Fundamental Research Analysts Give Monument Mining (CVE:MMY) a C$0.56 Price Target

Fundamental Research set a C$0.56 price target on Monument Mining (CVE:MMY) in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Monument Mining Trading Up 3.4 %

Shares of CVE:MMY opened at C$0.30 on Wednesday. Monument Mining has a 52 week low of C$0.10 and a 52 week high of C$0.31. The company’s 50 day moving average is C$0.21 and its two-hundred day moving average is C$0.17. The company has a market cap of C$98.38 million, a PE ratio of 10.00 and a beta of 1.07. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14.

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