First Mining Gold (TSE:FF) Hits New 12-Month High – Time to Buy?

First Mining Gold Corp. (TSE:FF)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$0.51 and last traded at C$0.51, with a volume of 7846714 shares. The stock had previously closed at C$0.48.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$0.70.

First Mining Gold Trading Up 6.3%

The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market cap of C$655.83 million, a price-to-earnings ratio of -25.50 and a beta of 0.99. The firm has a 50 day moving average price of C$0.33 and a two-hundred day moving average price of C$0.24.

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. As a group, equities analysts forecast 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.