Fundamental Research Reiterates C$1.50 Price Target for Monument Mining (CVE:MMY)

Monument Mining (CVE:MMY) has been assigned a C$1.50 price objective by investment analysts at Fundamental Research in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s price target suggests a potential upside of 48.51% from the company’s previous close.

Monument Mining Trading Down 1.0%

Shares of Monument Mining stock traded down C$0.01 during midday trading on Tuesday, reaching C$1.01. 399,846 shares of the company’s stock traded hands, compared to its average volume of 391,091. Monument Mining has a 12 month low of C$0.25 and a 12 month high of C$1.10. The company has a market cap of C$348.55 million, a PE ratio of 9.18 and a beta of 1.48. The stock has a 50 day moving average of C$0.76 and a 200-day moving average of C$0.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70.

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.