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

First Mining Gold (TSE:FF) posted its earnings results on Wednesday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

First Mining Gold Stock Performance

Shares of FF opened at C$0.78 on Thursday. First Mining Gold has a twelve month low of C$0.17 and a twelve month high of C$0.86. The firm has a market capitalization of C$1.08 billion, a P/E ratio of -13.00 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is C$0.61 and its 200 day simple moving average is C$0.57.

Insider Transactions at First Mining Gold

In other news, insider Stephen Andrew Lines bought 72,464 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average price of C$0.69 per share, for a total transaction of C$50,000.16. Following the acquisition, the insider owned 669,507 shares of the company’s stock, valued at C$461,959.83. This trade represents a 12.14% increase in their ownership of the stock. Also, insider Richard Huang bought 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average cost of C$0.70 per share, with a total value of C$70,000.00. Following the transaction, the insider owned 2,339,766 shares in the company, valued at approximately C$1,637,836.20. This represents a 4.46% increase in their position. Insiders have bought a total of 525,964 shares of company stock worth $394,695 in the last three months. 4.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their price objective on First Mining Gold from C$1.20 to C$1.40 in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, First Mining Gold presently has a consensus rating of “Buy” and an average target price of C$1.05.

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.