First Mining Gold (TSE:FF) Hits New 52-Week High – Here’s Why

First Mining Gold Corp. (TSE:FF)’s share price reached a new 52-week high on Monday . The stock traded as high as C$0.60 and last traded at C$0.58, with a volume of 2406990 shares changing hands. The stock had previously closed at C$0.56.

Analyst Ratings Changes

Separately, National Bankshares set a C$0.70 price target on First Mining Gold and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy” and a consensus price target of C$0.70.

First Mining Gold Stock Up 3.6%

The company has a market capitalization of C$764.43 million, a PE ratio of -29.00 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of C$0.45 and a two-hundred day simple moving average of C$0.31.

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

First Mining Gold Company Profile

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. The Company also holds a large equity position in Treasury Metals Inc who are advancing the Goliath-Goldlund gold projects towards construction.