First Mining Gold (TSE:FF) Trading Up 12.5% – What’s Next?

First Mining Gold Corp. (TSE:FF) shares were up 12.5% during mid-day trading on Friday . The stock traded as high as C$0.41 and last traded at C$0.41. Approximately 3,098,207 shares traded hands during trading, an increase of 55% from the average daily volume of 2,001,123 shares. The stock had previously closed at C$0.36.

Wall Street Analysts Forecast Growth

Separately, National Bankshares set a C$0.70 target price on First Mining Gold and gave the company 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 stock. Based on data from MarketBeat, First Mining Gold currently has an average rating of “Strong Buy” and a consensus price target of C$0.70.

First Mining Gold Trading Up 15.3%

The company has a 50-day moving average of C$0.32 and a 200 day moving average of 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. The company has a market cap of C$533.66 million, a PE ratio of -20.75 and a beta of 0.84.

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

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.