First Mining Gold (TSE:FF) Price Target Raised to C$1.60

First Mining Gold (TSE:FF) had its price target raised by Ventum Financial from C$1.40 to C$1.60 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price objective points to a potential upside of 131.88% from the stock’s previous close.

Separately, HC Wainwright lifted their target price on First Mining Gold from C$1.20 to C$1.40 in a report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, First Mining Gold presently has an average rating of “Buy” and a consensus price target of C$1.23.

First Mining Gold Trading Down 2.8%

Shares of FF traded down C$0.02 during mid-day trading on Tuesday, reaching C$0.69. The company had a trading volume of 1,638,493 shares, compared to its average volume of 4,328,912. The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of -11.50 and a beta of 1.02. The firm has a fifty day simple moving average of C$0.83 and a 200-day simple moving average of C$0.64. First Mining Gold has a fifty-two week low of C$0.27 and a fifty-two week high of C$0.98. The company has a current ratio of 1.79, a quick ratio of 1.01 and a debt-to-equity ratio of 0.06.

First Mining Gold (TSE:FF) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that First Mining Gold will post -0.05 EPS for the current fiscal year.

Insider Activity at First Mining Gold

In other First Mining Gold news, insider Stephen Andrew Lines acquired 60,000 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was bought at an average price of C$0.84 per share, with a total value of C$50,400.00. Following the completion of the transaction, the insider directly owned 729,507 shares of the company’s stock, valued at approximately C$612,785.88. The trade was a 8.96% increase in their ownership of the stock. Also, insider James Maxwell sold 166,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of C$0.92, for a total transaction of C$152,720.00. Following the completion of the transaction, the insider directly owned 1,848,676 shares in the company, valued at approximately C$1,700,781.92. This represents a 8.24% decrease in their position. 4.18% of the stock is 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.