First Mining Gold (TSE:FF) Sets New 1-Year High – Time to Buy?

Shares of First Mining Gold Corp. (TSE:FF) hit a new 52-week high on Monday . The stock traded as high as C$0.60 and last traded at C$0.60, with a volume of 650220 shares trading hands. The stock had previously closed at C$0.59.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average price target of C$0.70.

First Mining Gold Trading Up 1.7%

The stock has a market capitalization of C$790.79 million, a PE ratio of -30.00 and a beta of 1.04. 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 business’s 50-day moving average is C$0.48 and its two-hundred day moving average is C$0.32.

First Mining Gold (TSE:FF) last posted its earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, analysts predict that First Mining Gold Corp. will post -0.05 earnings per share for the current 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.