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

First Mining Gold Corp. (TSE:FF)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.60 and last traded at C$0.58, with a volume of 2406990 shares. The stock had previously closed at C$0.56.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$0.70 target price on First Mining Gold and gave the company an “outperform” rating in a report 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 stock. Based on data from MarketBeat, First Mining Gold currently has a consensus rating of “Strong Buy” and a consensus target price of C$0.70.

First Mining Gold Trading Up 3.6%

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 company’s 50-day moving average price is C$0.45 and its 200-day moving average price is C$0.31. The firm has a market capitalization of C$764.43 million, a PE ratio of -29.00 and a beta of 1.04.

First Mining Gold (TSE:FF) last posted its quarterly earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share for the quarter. On average, sell-side analysts expect 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.