First Mining Gold (TSE:FF) Shares Up 16.7% – Time to Buy?

Shares of First Mining Gold Corp. (TSE:FF) were up 16.7% during mid-day trading on Friday . The company traded as high as C$0.42 and last traded at C$0.42. Approximately 4,632,600 shares traded hands during mid-day trading, an increase of 130% from the average daily volume of 2,015,812 shares. The stock had previously closed at C$0.36.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$0.70 target price on First Mining Gold and gave the stock 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 given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$0.70.

First Mining Gold Price Performance

The firm has a market capitalization of C$552.95 million, a P/E ratio of -21.50 and a beta of 0.84. The firm’s 50 day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.01.

First Mining Gold (TSE:FF) last posted its quarterly earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, analysts predict that First Mining Gold Corp. will post -0.05 earnings per share for the current 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.