Monument Mining (CVE:MMY) PT Set at C$2.10 by Fundamental Research

Monument Mining (CVE:MMY) has been assigned a C$2.10 target price by equities research analysts at Fundamental Research in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price would suggest a potential upside of 121.05% from the stock’s previous close.

Monument Mining Trading Down 4.0%

Shares of MMY stock opened at C$0.95 on Tuesday. Monument Mining has a 1-year low of C$0.35 and a 1-year high of C$1.55. The company has a current ratio of 4.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.05. The stock has a market cap of C$328.05 million, a price-to-earnings ratio of 5.94 and a beta of 1.07. The stock has a 50-day moving average of C$1.19 and a 200-day moving average of C$1.02.

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.