First Mining Gold (TSE:FF) Releases Earnings Results

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

First Mining Gold Stock Down 1.6%

FF stock traded down C$0.01 during trading on Thursday, hitting C$0.62. 822,016 shares of the stock traded hands, compared to its average volume of 4,109,892. First Mining Gold has a 1 year low of C$0.31 and a 1 year high of C$0.98. The firm’s 50 day moving average is C$0.74 and its two-hundred day moving average is C$0.63. The stock has a market cap of C$923.90 million, a price-to-earnings ratio of -10.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.79 and a quick ratio of 1.01.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial lifted their price target on shares of First Mining Gold from C$1.40 to C$1.60 and gave the company a “buy” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, First Mining Gold presently has an average rating of “Buy” and a consensus price target of C$1.50.

Insider Transactions at First Mining Gold

In other First Mining Gold news, insider James Maxwell sold 166,000 shares of First Mining Gold stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$0.92, for a total value of C$152,720.00. Following the completion of the transaction, the insider directly owned 1,848,676 shares of the company’s stock, valued at approximately C$1,700,781.92. The trade was a 8.24% decrease in their ownership of the stock. Also, insider Stephen Andrew Lines purchased 60,000 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were purchased at an average price of C$0.84 per share, for a total transaction of C$50,400.00. Following the acquisition, the insider owned 729,507 shares of the company’s stock, valued at approximately C$612,785.88. The trade was a 8.96% increase in their ownership of the stock. 4.18% of the stock is currently owned by company insiders.

First Mining Gold Company Profile

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.