First Mining Gold (TSE:FF) Reaches New 1-Year High – Here’s What Happened

First Mining Gold Corp. (TSE:FF)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.57 and last traded at C$0.57, with a volume of 10144982 shares. The stock had previously closed at C$0.51.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$0.70 target price on First Mining Gold and gave the company an “outperform” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of C$0.70.

First Mining Gold Stock Up 11.8%

The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The firm’s 50 day simple moving average is C$0.38 and its 200-day simple moving average is C$0.27. The stock has a market capitalization of C$732.98 million, a price-to-earnings ratio of -28.50 and a beta of 0.99.

First Mining Gold (TSE:FF) last posted its quarterly earnings data on Thursday, November 13th. The company reported C($0.02) EPS for the quarter. Equities analysts expect that First Mining Gold Corp. will post -0.05 earnings per share for the current fiscal year.

First Mining Gold Company Profile

First Mining is a Canadian gold developer focused on the development and permitting of the Springpole Gold Project in northwestern Ontario. Springpole is one of the largest undeveloped gold projects in Canada. The results of a positive Pre-Feasibility Study for the Springpole Gold Project were announced by First Mining in January 2021, and permitting activities are on-going with submission of an Environmental Impact Statement for the project targeted for 2021. The Company also holds a large equity position in Treasury Metals Inc who are advancing the Goliath-Goldlund gold projects towards construction.