Monument Mining (CVE:MMY) Given a C$0.59 Price Target by Fundamental Research Analysts

Monument Mining (CVE:MMY) has been given a C$0.59 price objective by analysts at Fundamental Research in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s target price would indicate a potential upside of 76.12% from the stock’s previous close.

Monument Mining Stock Up 8.1 %

MMY stock opened at C$0.34 on Monday. The firm has a market cap of C$109.85 million, a PE ratio of 11.17 and a beta of 1.07. Monument Mining has a 1 year low of C$0.13 and a 1 year high of C$0.34. The company has a fifty day simple moving average of C$0.28 and a 200 day simple moving average of C$0.21. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14.

About Monument Mining

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.