First Mining Gold (TSE:FF) Shares Up 13.6% – Still a Buy?

Shares of First Mining Gold Corp. (TSE:FF) were up 13.6% on Friday . The stock traded as high as C$0.68 and last traded at C$0.67. Approximately 5,749,816 shares traded hands during trading, an increase of 41% from the average session volume of 4,088,371 shares. The stock had previously closed at C$0.59.

Analysts Set New Price Targets

Separately, HC Wainwright upped their target price on First Mining Gold from C$1.10 to C$1.20 in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, First Mining Gold currently has a consensus rating of “Buy” and an average price target of C$0.95.

First Mining Gold Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The company has a market cap of C$941.25 million, a PE ratio of -11.33 and a beta of 0.86. The firm’s 50-day simple moving average is C$0.50 and its two-hundred day simple moving average is C$0.54.

First Mining Gold (TSE:FF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, research analysts anticipate that First Mining Gold Corp. will post -0.05 earnings per share for the current fiscal year.

About First Mining Gold

First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a 30% project interest in the Pickle Crow Gold Project.