First Mining Gold (TSE:FF) Hits New 52-Week High – What’s Next?

First Mining Gold Corp. (TSE:FF) reached a new 52-week high during trading on Monday . The stock traded as high as C$0.35 and last traded at C$0.34, with a volume of 4644464 shares. The stock had previously closed at C$0.32.

Wall Street Analysts Forecast Growth

Separately, National Bankshares set a C$0.70 price objective on shares of First Mining Gold and gave the company an “outperform” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of C$0.53.

First Mining Gold Trading Up 6.3%

The business has a 50-day simple moving average of C$0.29 and a 200-day simple moving average of C$0.21. The company has a market cap of C$428.25 million, a PE ratio of -30.67 and a beta of 0.84. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

About First Mining Gold

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.