First Mining Gold (TSE:FF) Sets New 12-Month High – Here’s What Happened

First Mining Gold Corp. (TSE:FF)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$0.39 and last traded at C$0.37, with a volume of 2967187 shares trading hands. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$0.70 price target 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 assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus target price of C$0.70.

First Mining Gold Stock Down 2.7%

The firm’s 50 day moving average price is C$0.30 and its two-hundred day moving average price is C$0.22. The firm has a market capitalization of C$466.60 million, a PE ratio of -33.41 and a beta of 0.84. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

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