Insider Buying: First Mining Gold (TSE:FF) Insider Buys C$50,000.16 in Stock

First Mining Gold Corp. (TSE:FF) insider Stephen Andrew Lines purchased 72,464 shares of the business’s stock in a transaction dated 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 directly owned 669,507 shares in the company, valued at approximately C$461,959.83. This represents a 12.14% increase in their ownership of the stock.

First Mining Gold Price Performance

TSE FF opened at C$0.66 on Friday. The company has a 50 day moving average price of C$0.54 and a two-hundred day moving average price of C$0.55. First Mining Gold Corp. has a 12-month low of C$0.15 and a 12-month high of C$0.86. The stock has a market capitalization of C$913.57 million, a PE ratio of -11.00 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 2.16 and a debt-to-equity ratio of 0.07.

First Mining Gold (TSE:FF) last released its quarterly earnings results on Tuesday, May 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, equities analysts predict that First Mining Gold Corp. will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised 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, According to data from MarketBeat, First Mining Gold currently has an average rating of “Buy” and an average target price of C$1.05.

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.