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

First Mining Gold (TSE:FF) issued its earnings results on Thursday. The company reported C($0.02) EPS for the quarter, FiscalAI reports.

First Mining Gold Stock Performance

Shares of TSE FF traded down C$0.02 during midday trading on Friday, reaching C$0.36. The company had a trading volume of 1,748,546 shares, compared to its average volume of 1,752,473. The business’s 50-day simple moving average is C$0.30 and its 200 day simple moving average is C$0.22. 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 has a 1 year low of C$0.12 and a 1 year high of C$0.38. The stock has a market cap of C$460.21 million, a P/E ratio of -32.95 and a beta of 0.84.

Analyst Upgrades and Downgrades

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

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.