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

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

Analysts Set New Price Targets

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

First Mining Gold Trading Up 11.8%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. 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. The business has a fifty day simple moving average of C$0.38 and a 200 day simple moving average of C$0.27.

First Mining Gold (TSE:FF) last announced its earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, research analysts expect that First Mining Gold Corp. will post -0.05 EPS for the current year.

About First Mining Gold

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.