Monument Mining (CVE:MMY) Sets New 52-Week High – Still a Buy?

Monument Mining Limited (CVE:MMY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$1.20 and last traded at C$1.16, with a volume of 790839 shares trading hands. The stock had previously closed at C$1.12.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.50 price target on shares of Monument Mining and gave the company a “buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$1.50.

Monument Mining Trading Up 4.0%

The firm’s 50-day moving average is C$1.02 and its 200 day moving average is C$0.68. The company has a current ratio of 2.70, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$402.29 million, a price-to-earnings ratio of 8.96 and a beta of 1.82.

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.