First Mining Gold (TSE:FF) Stock Price Down 8.7% – Here’s Why

by · The Cerbat Gem

First Mining Gold Corp. (TSE:FF – Get Free Report)’s stock price was down 8.7% during trading on Wednesday . The company traded as low as C$0.32 and last traded at C$0.32. Approximately 8,030,065 shares were traded during mid-day trading, an increase of 320% from the average daily volume of 1,913,417 shares. The stock had previously closed at C$0.35.

Wall Street Analysts Forecast Growth

Separately, National Bankshares set a C$0.70 target price on First Mining Gold and gave the company an “outperform” rating in a research report 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of C$0.70.

View Our Latest Analysis on FF

First Mining Gold Price Performance

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 firm has a market cap of C$424.36 million, a PE ratio of -16.50 and a beta of 0.84. The stock has a 50 day moving average price of C$0.31 and a two-hundred day moving average price of C$0.23.

First Mining Gold (TSE:FF – Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share for the quarter. As a group, equities analysts expect that First Mining Gold Corp. will post -0.05 earnings per share for the current year.

First Mining Gold Company Profile

(Get Free Report)

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.

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