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

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

First Mining Gold Stock Down 2.5%

Shares of TSE FF traded down C$0.02 during trading on Wednesday, hitting C$0.78. The stock had a trading volume of 2,709,683 shares, compared to its average volume of 3,953,750. First Mining Gold has a 12 month low of C$0.17 and a 12 month high of C$0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.16 and a quick ratio of 1.01. The company has a market capitalization of C$1.08 billion, a PE ratio of -13.00 and a beta of 0.87. The firm has a fifty day moving average of C$0.61 and a two-hundred day moving average of C$0.57.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price target on shares of First Mining Gold from C$1.20 to C$1.40 in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, First Mining Gold presently has a consensus rating of “Buy” and an average target price of C$1.05.

Insiders Place Their Bets

In other First Mining Gold news, insider Stephen Andrew Lines bought 72,464 shares of First Mining Gold stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of C$0.69 per share, with a total value of C$50,000.16. Following the completion of the acquisition, the insider directly owned 669,507 shares in the company, valued at approximately C$461,959.83. The trade was a 12.14% increase in their position. Also, Director Keith Neumeyer purchased 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of C$0.78 per share, with a total value of C$195,000.00. Following the completion of the transaction, the director directly owned 46,592,813 shares of the company’s stock, valued at C$36,342,394.14. The trade was a 0.54% increase in their position. Insiders have bought a total of 525,964 shares of company stock valued at $394,695 in the last 90 days. 4.18% of the stock is currently owned by corporate insiders.

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.