First Mining Gold (TSE:FF) Hits New 1-Year High – What’s Next?

First Mining Gold Corp. (TSE:FF) shares hit a new 52-week high on Thursday . The stock traded as high as C$0.53 and last traded at C$0.52, with a volume of 4551104 shares traded. The stock had previously closed at C$0.50.

Analyst Ratings Changes

Separately, National Bankshares set a C$0.70 price objective on First Mining Gold and gave the company an “outperform” rating in a research note 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. According to MarketBeat, First Mining Gold currently 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$668.69 million, a price-to-earnings ratio of -26.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. The firm’s 50 day moving average is C$0.35 and its 200-day moving average is C$0.25.

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

About First Mining Gold

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.