First Mining Gold (TSE:FF) Given New C$1.40 Price Target at HC Wainwright

First Mining Gold (TSE:FF) had its price target increased by analysts at HC Wainwright from C$1.20 to C$1.40 in a research note issued on Monday,BayStreet.CA reports. HC Wainwright’s target price would indicate a potential upside of 91.78% from the stock’s previous close.

First Mining Gold Trading Up 1.4%

FF traded up C$0.01 during trading on Monday, reaching C$0.73. 3,203,268 shares of the stock traded hands, compared to its average volume of 4,123,843. The stock has a market capitalization of C$1.01 billion, a PE ratio of -12.17 and a beta of 0.85. The stock’s 50-day moving average is C$0.52 and its 200 day moving average is C$0.55. 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 has a 12 month low of C$0.15 and a 12 month high of C$0.86.

First Mining Gold (TSE:FF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.01) earnings per share for the quarter. Equities analysts anticipate that First Mining Gold will post -0.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Richard Huang acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average price of C$0.70 per share, with a total value of C$70,000.00. Following the acquisition, the insider owned 2,339,766 shares of the company’s stock, valued at approximately C$1,637,836.20. This trade represents a 4.46% increase in their position. Also, Director Keith Neumeyer bought 103,500 shares of First Mining Gold stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of C$0.77 per share, for a total transaction of C$79,695.00. Following the completion of the transaction, the director directly owned 46,342,813 shares in the company, valued at C$35,683,966.01. This represents a 0.22% increase in their ownership of the stock. Insiders acquired 453,500 shares of company stock worth $344,695 over the last quarter. Company insiders own 4.18% of the company’s stock.

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.