Monument Mining (CVE:MMY) Given a C$2.10 Price Target by Fundamental Research Analysts

Monument Mining (CVE:MMY) has been given a C$2.10 price target by Fundamental Research in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price target points to a potential upside of 118.75% from the stock’s previous close.

Monument Mining Trading Up 2.1%

Shares of Monument Mining stock traded up C$0.02 on Tuesday, reaching C$0.96. 1,229,295 shares of the company were exchanged, compared to its average volume of 795,038. Monument Mining has a fifty-two week low of C$0.35 and a fifty-two week high of C$1.55. The stock has a fifty day moving average price of C$1.20 and a 200-day moving average price of C$1.01. The firm has a market capitalization of C$331.50 million, a price-to-earnings ratio of 6.00 and a beta of 1.07. The company has a current ratio of 4.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.05.

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.