HC Wainwright Expects Reduced Earnings for First Mining Gold

First Mining Gold Corp. (TSE:FF) – Research analysts at HC Wainwright decreased their FY2025 EPS estimates for shares of First Mining Gold in a research note issued on Tuesday, June 17th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.02) for the year, down from their previous forecast of ($0.01). The consensus estimate for First Mining Gold’s current full-year earnings is ($0.05) per share.

Separately, Haywood Securities upgraded First Mining Gold to a “strong-buy” rating in a research note on Friday, March 21st.

First Mining Gold Stock Up 2.5%

First Mining Gold stock opened at C$0.21 on Thursday. First Mining Gold has a 12-month low of C$0.12 and a 12-month high of C$0.21. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market capitalization of C$217.19 million, a PE ratio of -4.57 and a beta of 0.99. The firm’s fifty day moving average is C$0.17 and its 200 day moving average is C$0.14.

Insider Transactions at First Mining Gold

In other First Mining Gold news, Director Keith Neumeyer purchased 250,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost of C$0.16 per share, with a total value of C$40,000.00. Insiders purchased a total of 565,000 shares of company stock valued at $81,650 over the last ninety days. 4.18% of the stock is currently owned by insiders.

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.