First Mining Gold (TSE:FF) Trading 12.5% Higher – Still a Buy?

First Mining Gold Corp. (TSE:FF) shares traded up 12.5% on Friday . The stock traded as high as C$0.41 and last traded at C$0.41. 3,098,207 shares were traded during trading, an increase of 55% from the average session volume of 2,001,123 shares. The stock had previously closed at C$0.36.

Wall Street Analysts Forecast Growth

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 report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of C$0.70.

First Mining Gold Stock Performance

The stock has a market capitalization of C$540.09 million, a P/E ratio of -21.00 and a beta of 0.84. The stock has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.23. 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 data on Thursday, November 13th. The company reported C($0.02) EPS for the quarter. On average, equities 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.