Monument Mining Limited's stock has seen significant declines recently, raising questions among investors.
This week, Monument Mining Limited (MMY.V) experienced a notable downturn, with shares closing at C$0.76, reflecting a 1.25% decline on the day and a staggering 21.00% drop over the week. The mining sector, particularly focused on gold and other precious metals, has been under pressure, and Monument's performance mirrors this trend.
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Monument Mining Limited
MMY.V
MMY.V
Monument Mining Limited
WealthAwesomeMarket cap
$273.68M
P/E
2.8x
52W high
$1.55
52W low
$0.62
1W change
-21.00%
Beta
1.43
Analyst Price Targets
Based on analyst covering MMY · as of Sep 17, 2026
Wall Street analysts forecast MMY stock price to rise 130.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$1.82
+130.4% Upside
Current Price
C$0.79
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MMY's historical volatility
30-Day Vol
62.0%
Annualized
90-Day Vol
52.5%
Annualized
Trend (90d)
+0.0%
Annualized drift
90d Mean
C$0.79
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.79 | C$0.64 – C$0.98 |
| 60 trading days | C$0.79 | C$0.58 – C$1.07 |
| 90 trading days | C$0.79 | C$0.55 – C$1.14 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should consider the technical indicators and market sentiment surrounding Monument Mining Limited, especially given its recent performance and the broader context of the materials sector.
Monument Mining Limited's Stock Down 21% This Week
With a current price of C$0.76, the stock is trading at 15% of its 52-week range, indicating a significant drop from its previous highs.
Bull case
Monument Mining Limited has a low P/E ratio of 2.82 and a strong profit margin of 41.5%. This could make it an attractive investment for those looking for undervalued stocks in the materials sector.
Bear case
The recent decline in share price and the fact that the stock is trading below both its 50-day and 200-day moving averages signal potential weakness. This raises concerns about the company's short-term performance.
Price Action Overview
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Monument Mining Limited's stock closed at C$0.76, reflecting a 1.25% decrease on Wednesday. Over the past week, the stock has dropped by 21.00%, and it has seen a decline of 24.04% over the past month. Year-to-date, the stock is down 35.25%, indicating a challenging period for investors.
Technical Picture
The technical indicators for Monument Mining Limited show that the stock is currently trading below both its 50-day moving average of C$0.93 and its 200-day moving average of C$0.98, signaling potential weakness in the stock's performance. The stock has experienced a recent surge in trading volume, with the latest volume of 535,066 shares surpassing the 20-day average volume of 347,143 shares by 1.22 times. The 52-week range for MMY.V is C$0.62 to C$1.55, indicating that the stock is currently trading at 15% of its range.
Market Sentiment
Despite the recent downturn, analysts maintain a bullish outlook on Monument Mining Limited, with an average analyst target of C$1.82, suggesting a potential upside of 139.5% from the current price. The company's fundamentals show a strong profit margin of 41.5% and a return on equity (ROE) of 36.1%, which may attract long-term investors.
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