First Mining Gold (TSE:FF) Trading 5.2% Higher – Here’s What Happened

First Mining Gold Corp. (TSE:FF) shares traded up 5.2% during mid-day trading on Thursday . The company traded as high as C$0.61 and last traded at C$0.61. 659,404 shares traded hands during trading, a decline of 90% from the average session volume of 6,351,954 shares. The stock had previously closed at C$0.58.

Wall Street Analyst Weigh In

FF has been the topic of a number of recent analyst reports. National Bank Financial set a C$0.70 price target on shares of First Mining Gold and gave the stock an “outperform” rating in a report on Monday, November 3rd. HC Wainwright increased their target price on shares of First Mining Gold from C$0.45 to C$1.00 in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, First Mining Gold currently has a consensus rating of “Strong Buy” and an average price target of C$0.85.

First Mining Gold Stock Up 8.6%

The stock’s fifty day moving average price is C$0.59 and its 200 day moving average price is C$0.40. The stock has a market cap of C$855.59 million, a P/E ratio of -31.50 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

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.