First Mining Gold (OTCMKTS:FFMGF) Stock Price Up 1.7% – Still a Buy?

First Mining Gold Corp. (OTCMKTS:FFMGF)’s stock price was up 1.7% during trading on Monday . The company traded as high as $0.47 and last traded at $0.4541. Approximately 1,836,043 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 2,314,496 shares. The stock had previously closed at $0.4467.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. National Bank Financial began coverage on shares of First Mining Gold in a research note on Monday, November 3rd. They issued an “outperform” rating for the company. HC Wainwright reissued a “buy” rating on shares of First Mining Gold in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, First Mining Gold currently has a consensus rating of “Buy”.

First Mining Gold Stock Performance

The firm’s 50 day simple moving average is $0.44 and its 200 day simple moving average is $0.30.

First Mining Gold Company Profile

First Mining Gold Corp. is a mineral exploration and development company focused on advancing a diversified portfolio of gold projects in Canada. The company aims to unlock shareholder value through the exploration and development of several high-potential assets, with an emphasis on de-risked deposits that have undergone extensive previous work. First Mining Gold trades on the OTC Markets under the symbol FFMGF and maintains its corporate office in Vancouver, British Columbia.

The company’s flagship project is the Springpole gold deposit in Ontario, which boasts substantial resources and infrastructure potential.