First Mining Gold (TSE:FF) Announces Earnings Results

First Mining Gold (TSE:FF) issued its earnings results on Tuesday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

First Mining Gold Stock Up 8.0%

Shares of TSE FF traded up C$0.04 during trading hours on Tuesday, hitting C$0.54. 5,974,990 shares of the stock were exchanged, compared to its average volume of 4,306,368. First Mining Gold has a 12 month low of C$0.14 and a 12 month high of C$0.86. The firm has a fifty day moving average price of C$0.50 and a 200-day moving average price of C$0.51. The company has a quick ratio of 1.01, a current ratio of 3.18 and a debt-to-equity ratio of 0.08. The company has a market cap of C$747.33 million, a PE ratio of -7.71 and a beta of 0.90.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on First Mining Gold from C$0.45 to C$1.00 in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, First Mining Gold presently has an average rating of “Buy” and a consensus target price of C$0.85.

Insider Buying and Selling at First Mining Gold

In other First Mining Gold news, insider Stephen Andrew Lines sold 403,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of C$0.60, for a total value of C$241,800.00. Following the completion of the sale, the insider directly owned 950,450 shares in the company, valued at approximately C$570,270. This trade represents a 29.78% decrease in their ownership of the stock. Also, Director Keith Neumeyer purchased 396,500 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was bought at an average cost of C$0.40 per share, with a total value of C$158,600.00. Following the acquisition, the director owned 43,739,313 shares of the company’s stock, valued at approximately C$17,495,725.20. The trade was a 0.91% increase in their position. 4.18% of the stock is currently owned by insiders.

First Mining Gold Company Profile

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.