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Monument Mining
(MMY)
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Rating:75Outperform
Price Target:
C$0.82
▼(-21.81% Downside)
Action:Reiterated
Date:06/03/26
Overall score is supported primarily by strong financial performance (high margins, strong cash generation, and extremely low leverage) and a very low P/E valuation. The score is tempered by mixed technicals, with the stock still below longer-term moving averages despite neutral-to-positive momentum.
Positive Factors
Strong cash generation
Sustained, material operating and free cash flow (TTM ~87.5M and ~79.8M) provides durable internal funding for sustaining capex, exploration and working capital. High cash conversion (FCF ~91% of net income) improves resilience to funding shocks and supports reinvestment without reliance on debt.
Negative Factors
Earnings and cashflow volatility
Historic swings between losses and strong earnings show profitability and cash generation are cyclical. This pattern implies that operating or commodity shocks can quickly reverse recent improvements, complicating planning, capital allocation and long-term reliability of returns absent sustained commodity and operational stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained, material operating and free cash flow (TTM ~87.5M and ~79.8M) provides durable internal funding for sustaining capex, exploration and working capital. High cash conversion (FCF ~91% of net income) improves resilience to funding shocks and supports reinvestment without reliance on debt.
Read all positive factors
Monument Mining (MMY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$346.22M
Dividend Yield1.6%
Average Volume (3M)352.29K
Price to Earnings (P/E)3.3
Beta (1Y)1.52
Revenue Growth115.36%
EPS Growth209.46%
CountryCA
Employees297
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.22
Shares Outstanding346,218,350
10 Day Avg. Volume252,852
30 Day Avg. Volume352,294
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.59
Price to Sales (P/S)0.94
P/FCF Ratio2.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.82Price Target Upside73.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)C$205.12M
Monument Mining Business Overview & Revenue Model
Company Description
Monument Mining Limited is an entity focused on gold production and the development of mining assets, with operations spanning Canada, Australia, and Malaysia. The company wholly owns the Selinsing gold mine, situated in the Central Gold Belt of P...
How the Company Makes Money
Monument Mining primarily makes money by producing and selling gold. Revenue is generated when the company mines ore, processes it to recover gold (e.g., into doré or equivalent saleable product), and sells the resulting gold to third-party buyers...
Monument Mining Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 168.76M | 100.62M | 51.42M | 12.39M | 14.19M | 23.24M |
| Gross Profit | 103.39M | 54.25M | 24.83M | 1.75M | 629.00K | 8.10M |
| EBITDA | 111.13M | 64.42M | 20.27M | -3.00K | -2.33M | 6.28M |
| Net Income | 74.33M | 38.29M | 6.44M | -6.27M | -6.50M | -99.32M |
Balance Sheet | ||||||
| Total Assets | 243.80M | 182.47M | 142.01M | 133.12M | 134.03M | 141.78M |
| Cash, Cash Equivalents and Short-Term Investments | 101.83M | 45.84M | 10.86M | 5.67M | 21.07M | 38.62M |
| Total Debt | 84.06K | 194.58K | 168.00K | 298.00K | 299.00K | 90.00K |
| Total Liabilities | 36.39M | 24.03M | 20.87M | 18.94M | 13.59M | 14.90M |
| Stockholders Equity | 207.41M | 158.45M | 121.14M | 114.19M | 120.44M | 126.88M |
Cash Flow | ||||||
| Free Cash Flow | 79.85M | 37.70M | 4.33M | -15.00M | -17.54M | -3.30M |
| Operating Cash Flow | 87.51M | 49.63M | 14.38M | 118.00K | -4.55M | 1.65M |
| Investing Cash Flow | -99.90M | -13.81M | -9.37M | -15.12M | -12.99M | 26.87M |
| Financing Cash Flow | -4.87M | -29.58K | -117.00K | -79.00K | -42.27K | -25.00K |
Monument Mining Technical Analysis
Positive
1.05
Price Trends
0.87
Positive
0.86
Positive
0.99
Positive
Market Momentum
0.04
Positive
54.85
Neutral
47.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MMY, the sentiment is Positive. The current price of 1.05 is above the 20-day moving average (MA) of 1.00, above the 50-day MA of 0.87, and above the 200-day MA of 0.99, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 54.85 is Neutral, neither overbought nor oversold. The STOCH value of 47.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MMY.
Monument Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$346.22M | 3.31 | 41.33% | 1.60% | 115.36% | 209.46% | |
56 Neutral | C$598.45M | -144.44 | -3.61% | ― | ― | -18.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$849.03M | -160.16 | -5.10% | ― | ― | -11.93% | |
51 Neutral | C$339.89M | 18.68 | 16.61% | 12.67% | ― | ― | |
51 Neutral | C$442.58M | -55.14 | -9.32% | ― | ― | -88.78% | |
50 Neutral | C$311.46M | -14.12 | -9.94% | ― | ― | 18.45% |
* General Sector Average
TSE:MMY
Monument Mining
1.00
0.40
66.67%
TSE:BYN
Banyan Gold
1.97
1.19
152.56%
TSE:RDS
Radisson Mining Resources
1.17
0.49
72.06%
TSE:GOLD
GoldMining
1.45
-0.26
-15.20%
TSE:WRLG
West Red Lake Gold Mines
0.82
-0.23
-21.90%
TSE:SIG
Sitka Gold Corp.
1.02
0.14
15.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.