First Mining Gold (TSE:FF) Given a C$0.70 Price Target at National Bankshares

First Mining Gold (TSE:FF) has been given a C$0.70 price objective by equities researchers at National Bankshares in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 122.22% from the company’s previous close.

First Mining Gold Stock Performance

Shares of TSE:FF traded down C$0.03 during midday trading on Monday, hitting C$0.32. The company had a trading volume of 1,795,032 shares, compared to its average volume of 1,680,784. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01. The company has a market cap of C$402.68 million, a price-to-earnings ratio of -28.84 and a beta of 0.81. First Mining Gold has a 12-month low of C$0.12 and a 12-month high of C$0.35. The company has a fifty day moving average of C$0.28 and a two-hundred day moving average of C$0.21.

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.