First Mining Gold (TSE:FF) Announces Quarterly Earnings Results

First Mining Gold (TSE:FF) released its quarterly earnings data on Monday. The company reported C($0.02) earnings per share (EPS) for the quarter, reports.

First Mining Gold Stock Up 11.8%

Shares of FF opened at C$0.52 on Wednesday. The firm has a market cap of C$718.51 million, a P/E ratio of -26.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.01 and a current ratio of 3.43. First Mining Gold has a 52 week low of C$0.12 and a 52 week high of C$0.86. The firm’s 50-day simple moving average is C$0.59 and its 200 day simple moving average is C$0.47.

Insider Activity

In other news, insider Stephen Andrew Lines sold 403,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of C$0.60, for a total transaction of C$241,800.00. Following the completion of the sale, the insider owned 950,450 shares in the company, valued at C$570,270. The trade was a 29.78% decrease in their ownership of the stock. Also, Director Keith Neumeyer bought 396,500 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was purchased at an average cost of C$0.40 per share, for a total transaction of C$158,600.00. Following the transaction, the director directly owned 43,739,313 shares of the company’s stock, valued at C$17,495,725.20. The trade was a 0.91% increase in their position. 4.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their target price on First Mining Gold from C$0.45 to C$1.00 in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$0.85.

About First Mining Gold

First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a 30% project interest in the Pickle Crow Gold Project.