First Mining Gold (TSE:FF) Hits New 1-Year High – Time to Buy?

Shares of First Mining Gold Corp. (TSE:FF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.86 and last traded at C$0.85, with a volume of 599180 shares. The stock had previously closed at C$0.84.

Wall Street Analyst Weigh In

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

First Mining Gold Stock Up 4.8%

The company has a market capitalization of C$1.22 billion, a PE ratio of -14.67 and a beta of 0.87. The company’s 50 day moving average is C$0.63 and its two-hundred day moving average is C$0.57. The company has a quick ratio of 1.01, a current ratio of 1.79 and a debt-to-equity ratio of 0.06.

First Mining Gold (TSE:FF) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, analysts anticipate that First Mining Gold Corp. will post -0.05 earnings per share for the current year.

Insider Activity

In other news, insider Richard Huang bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average cost of C$0.70 per share, for a total transaction of C$70,000.00. Following the completion of the transaction, the insider owned 2,339,766 shares of the company’s stock, valued at approximately C$1,637,836.20. This represents a 4.46% increase in their ownership of the stock. Also, insider Stephen Andrew Lines purchased 72,464 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were purchased at an average cost of C$0.69 per share, with a total value of C$50,000.16. Following the completion of the purchase, the insider owned 669,507 shares of the company’s stock, valued at C$461,959.83. The trade was a 12.14% increase in their position. Insiders bought a total of 525,964 shares of company stock worth $394,695 over the last 90 days. Corporate insiders own 4.18% of the company’s stock.

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.