Monument Mining (MMY) AI Stock Analysis

• Market Cap: C$147.79M
• Dividend Yield: N/A
• Average Volume (3M): 390.45K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 1.07
• Revenue Growth: 210.78%
• EPS Growth: N/A
• Country: CA
• Employees: 255
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.08
• Shares Outstanding: 328,421,570
• 10 Day Avg. Volume: 469,859
• 30 Day Avg. Volume: 390,450
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.30
• Price to Cash Flow (P/CF): 2.70
• P/FCF Ratio: 4.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.68
• Price Target Upside: 61.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Monument Mining achieves a strong score of 80, driven by robust financial performance and strategic corporate events. The stock's attractive valuation and technical momentum further support its growth potential, although maintaining consistent profitability remains crucial.

Monument Mining Business Overview & Revenue Model

Company Description

Monument Mining Limited (MMY) is a Canada-based mining company primarily engaged in the acquisition, exploration, and development of precious metal properties in Southeast Asia. The company's core focus is on its gold mining operations, with its flagship project being the Selinsing Gold Mine located in Malaysia. Monument Mining is committed to sustainable mining practices and aims to maximize shareholder value through strategic exploration and development of its mineral assets.

How the Company Makes Money

Monument Mining generates revenue primarily through the extraction and sale of gold. The company's flagship asset, the Selinsing Gold Mine in Malaysia, serves as its primary source of gold production. The mine produces gold dore bars, which are subsequently refined and sold in the global precious metals market. Monument Mining's revenue model is heavily reliant on the market price of gold, which can fluctuate due to various economic and geopolitical factors. Additionally, the company may engage in strategic partnerships and joint ventures to enhance its exploration and production capabilities, thereby potentially increasing its earnings. Monument Mining also invests in exploration activities to discover new resources, which could contribute to future revenue streams.

Monument Mining Financial Statement Overview

Summary

Monument Mining demonstrates a strong turnaround with significant growth in revenue, profitability, and cash flow. The company's effective cost management and operational efficiency are evident in its high gross and net profit margins. Additionally, its low leverage and high equity ratio provide a stable financial foundation, although consistent profitability and cash flow management remain critical.

Income Statement

Monument Mining's income statement shows a strong recovery with robust growth across key metrics. The TTM (Trailing-Twelve-Months) results reflect a significant revenue increase, with a notable improvement in gross profit margin at 55.3% and a net profit margin at 26.1%. Revenue growth year-over-year is substantial, highlighting a positive trend in financial performance. EBIT and EBITDA margins are healthy, indicating effective cost management and operational efficiency. However, past volatility in net income suggests the need for continued focus on consistent profitability.

Balance Sheet

The balance sheet of Monument Mining is solid, with a very low debt-to-equity ratio of 0.001, indicating minimal leverage and financial risk. The equity ratio stands at 83.7%, reflecting a strong equity base relative to total assets. Return on Equity (ROE) is impressive at 14.3% for the TTM period, underscoring effective use of equity. The company's stability is reinforced by a substantial cash reserve, though the historical consistency of equity growth could be improved.

Cash Flow

Monument Mining exhibits strong cash flow performance with substantial growth in free cash flow, increasing from negative values in earlier years to a positive $18.2 million in the TTM period. The operating cash flow to net income ratio is 1.6, indicating efficient cash generation from operations. The free cash flow to net income ratio of 0.96 further supports strong cash conversion. Historical fluctuations in free cash flow highlight the importance of maintaining consistent cash flow management.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
72.68M	51.42M	12.39M	14.44M	23.24M	29.97M
	Gross Profit
40.20M	24.83M	1.75M	629.00K	8.10M	12.94M
	EBIT
10.92M	13.68M	-3.50M	-5.10M	1.77M	4.72M
	EBITDA
37.96M	20.26M	-1.81M	-2.52M	5.62M	9.91M
	Net Income Common Stockholders
18.96M	6.44M	-6.27M	-6.50M	-99.32M	-275.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
22.77M	10.86M	5.67M	20.74M	38.31M	9.82M
	Total Assets
158.87M	142.01M	133.12M	134.03M	141.78M	247.58M
	Total Debt
130.00K	168.00K	298.00K	299.00K	90.00K	107.00K
	Net Debt
-22.64M	-10.39M	-5.37M	-20.44M	-38.22M	-9.71M
	Total Liabilities
25.86M	20.87M	18.94M	13.59M	14.90M	21.16M
	Stockholders Equity
133.01M	121.14M	114.19M	120.44M	126.88M	226.42M
Cash Flow		Free Cash Flow
18.20M	4.33M	-15.00M	-17.54M	-3.30M	803.00K
	Operating Cash Flow
30.35M	14.38M	118.00K	-4.55M	1.65M	6.27M
	Investing Cash Flow
-12.01M	-9.37M	-15.12M	-12.99M	26.87M	-5.47M
	Financing Cash Flow
-95.00K	-117.00K	-79.00K	-43.00K	-25.00K	-19.00K

Monument Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.42 is below the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.39, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 61.29 is Neutral, neither overbought nor oversold. The STOCH value of 71.56 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$3.06B	19.72	26.82%	―	77.93%	236.93%
MMY	80 Outperform	C$147.79M	5.27	15.35%	―	210.78%	―
NGD	73 Outperform	C$3.81B	27.40	11.14%	―	18.32%	―
BTO	66 Neutral	$5.90B	―	-18.54%	4.45%	-0.18%	-2195.85%
Sector *	49 Neutral	$1.96B	-1.42	-21.96%	3.81%	0.71%	-27.38%

Monument Mining Corporate Events

Monument Mining and Odyssey Gold Collaborate to Boost Gold Production

Monument Mining Limited has entered into a Memorandum of Understanding with Odyssey Gold Limited to process ore from the Tuckanarra Gold Project through Monument’s Burnakura Mill. This collaboration aims to enhance production potential, optimize resource exploration, and improve cash flow for both companies. The agreement supports Monument’s strategy to increase production capacity and utilize its mill more effectively, potentially expanding its production portfolio by integrating Tuckanarra’s resources. This partnership represents a strategic move to navigate challenges in the natural resource industry and accelerate capital returns.

Spark’s Take on TSE:MMY Stock

According to Spark, TipRanks’ AI Analyst, TSE:MMY is a Outperform.

Monument Mining receives a strong score of 83, driven by significant financial improvements, strong technical trends, and attractive valuation. The company’s solid financial health, combined with upward price momentum, positions it well for continued growth. The collaboration with Great Boulder Resources and strong quarterly results further enhance its prospects.

To see Spark’s full report on TSE:MMY stock, click here.

Monument Mining and Great Boulder Resources Collaborate on Ore Processing

Monument Mining Limited has entered into a Memorandum of Understanding with Great Boulder Resources to potentially process ore from Great Boulder’s Side Well Gold Project through Monument’s Burnakura Mill in Western Australia. This collaboration aims to optimize mining and ore processing by sharing technical expertise and conducting joint scoping studies, which could enhance Monument’s operational capabilities and provide Great Boulder with a viable ore treatment option.

Monument Mining Reports Strong Q2 FY 2025 Results with Increased Revenue and Profit

Monument Mining Limited reported strong financial results for the second quarter of fiscal 2025, with a gross revenue of $19.80 million and a net profit of $8.84 million. The company increased its cash reserves and working capital significantly, driven by stable gold production and sales at record prices. The Selinsing Gold Mine continues to be a key asset, and plans are underway to extend its mine life through drilling programs. Additionally, the Murchison Project is being assessed for a potential production restart, which could provide a second source of cash flow as gold prices rise.