First Mining Gold (TSE:FF) Reaches New 52-Week High – What’s Next?

First Mining Gold Corp. (TSE:FF) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.73 and last traded at C$0.72, with a volume of 3607846 shares traded. The stock had previously closed at C$0.69.

Wall Street Analyst Weigh In

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 research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, First Mining Gold presently has a consensus rating of “Strong Buy” and a consensus target price of C$0.70.

First Mining Gold Stock Up 2.9%

The company has a 50 day moving average price of C$0.51 and a two-hundred day moving average price of C$0.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01. The stock has a market cap of C$935.77 million, a PE ratio of -35.50 and a beta of 1.04.

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. Analysts expect that First Mining Gold Corp. will post -0.05 EPS 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.