Monument Mining (CVE:MMY) Given a C$0.56 Price Target at Fundamental Research

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

Monument Mining Trading Up 5.2 %

Shares of CVE:MMY opened at C$0.31 on Wednesday. The business’s 50 day simple moving average is C$0.21 and its 200 day simple moving average is C$0.17. Monument Mining has a 1 year low of C$0.10 and a 1 year high of C$0.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.36. The company has a market capitalization of C$100.02 million, a P/E ratio of 10.17 and a beta of 1.07.

Monument Mining (CVE:MMY) last released its 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 for the quarter. Monument Mining had a return on equity of 5.48% and a net margin of 12.53%. On average, research analysts anticipate 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.