First Mining Gold (TSE:FF) PT Set at C$0.70 by National Bankshares

First Mining Gold (TSE:FF) has been given a C$0.70 target price by National Bankshares in a report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 125.81% from the stock’s current price.

First Mining Gold Trading Down 6.1%

FF stock opened at C$0.31 on Monday. The company’s 50-day simple moving average is C$0.28 and its 200-day simple moving average is C$0.21. 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 has a 52-week low of C$0.12 and a 52-week high of C$0.35. The firm has a market cap of C$396.29 million, a P/E ratio of -28.38 and a beta of 0.84.

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.