First Mining Gold (TSE:FF) Sets New 1-Year High – Should You Buy?

First Mining Gold Corp. (TSE:FF)’s stock price reached a new 52-week high on Monday . The company 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 target price on shares of First Mining Gold and gave the stock an “outperform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of C$0.70.

First Mining Gold Stock Performance

The company has a market capitalization of C$935.77 million, a P/E ratio of -35.50 and a beta of 1.04. The company’s 50 day moving average is C$0.51 and its 200-day moving average is C$0.34. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

First Mining Gold (TSE:FF) last posted its quarterly earnings data on Thursday, November 13th. The company reported C($0.02) EPS for the quarter. Equities analysts anticipate that First Mining Gold Corp. will post -0.05 EPS 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. The Company also holds a large equity position in Treasury Metals Inc who are advancing the Goliath-Goldlund gold projects towards construction.