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

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

First Mining Gold Stock Performance

FF stock remained flat at C$0.63 on Thursday. The company had a trading volume of 886,516 shares, compared to its average volume of 4,109,942. First Mining Gold has a 1 year low of C$0.31 and a 1 year high of C$0.98. The stock’s 50-day simple moving average is C$0.74 and its 200 day simple moving average is C$0.63. The company has a current ratio of 1.79, a quick ratio of 1.01 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of C$938.80 million, a PE ratio of -10.50 and a beta of 0.77.

Analyst Upgrades and Downgrades

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

Insider Transactions at First Mining Gold

In other First Mining Gold news, insider James Maxwell sold 166,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$0.92, for a total value of C$152,720.00. Following the completion of the sale, the insider owned 1,848,676 shares of the company’s stock, valued at approximately C$1,700,781.92. This trade represents a 8.24% decrease in their ownership of the stock. Also, insider Stephen Andrew Lines purchased 60,000 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of C$0.84 per share, for a total transaction of C$50,400.00. Following the purchase, the insider directly 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 position. Company insiders own 4.18% of the company’s stock.

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.