HC Wainwright Forecasts Strong Price Appreciation for First Mining Gold (TSE:FF) Stock

First Mining Gold (TSE:FF) had its price objective boosted by equities researchers at HC Wainwright from C$0.45 to C$1.00 in a report released on Tuesday,BayStreet.CA reports. HC Wainwright’s price target suggests a potential upside of 51.52% from the stock’s previous close.

Separately, National Bankshares set a C$0.70 price objective on shares of First Mining Gold and gave the company an “outperform” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$0.85.

First Mining Gold Stock Down 7.0%

Shares of FF stock opened at C$0.66 on Tuesday. First Mining Gold has a 1 year low of C$0.12 and a 1 year high of C$0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. The business’s fifty day moving average is C$0.57 and its 200-day moving average is C$0.37. The stock has a market cap of C$896.33 million, a PE ratio of -33.00 and a beta of 1.31.

First Mining Gold (TSE:FF) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.02) earnings per share for the quarter. Equities analysts expect that First Mining Gold will post -0.05 earnings per share for the current fiscal 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.