First Mining Gold (TSE:FF) Price Target Raised to C$1.00 at HC Wainwright

First Mining Gold (TSE:FF) had its price objective hoisted by research analysts at HC Wainwright from C$0.45 to C$1.00 in a report issued on Tuesday,BayStreet.CA reports. HC Wainwright’s target price would indicate a potential upside of 49.25% from the company’s previous close.

Separately, National Bankshares set a C$0.70 target price on First Mining Gold and gave the stock an “outperform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of C$0.85.

First Mining Gold Stock Performance

First Mining Gold stock traded up C$0.02 during mid-day trading on Tuesday, hitting C$0.67. 4,064,046 shares of the company’s stock traded hands, compared to its average volume of 7,284,399. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. First Mining Gold has a one year low of C$0.12 and a one year high of C$0.86. The firm has a 50 day moving average price of C$0.55 and a 200 day moving average price of C$0.36. The company has a market cap of C$909.91 million, a PE ratio of -33.50 and a beta of 1.04.

First Mining Gold (TSE:FF) last issued its quarterly earnings data on Thursday, November 13th. The company reported C($0.02) earnings per share for the quarter. On average, equities analysts forecast that First Mining Gold 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.