First Mining Gold (TSE:FF) Posts Quarterly Earnings Results

First Mining Gold (TSE:FF) issued its quarterly earnings data on Tuesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports.

First Mining Gold Price Performance

Shares of TSE FF remained flat at C$0.63 during midday trading on Thursday. The stock had a trading volume of 708,416 shares, compared to its average volume of 4,108,599. The stock has a 50 day moving average of C$0.74 and a 200 day moving average of C$0.63. First Mining Gold has a 52-week low of C$0.31 and a 52-week high of C$0.98. The company has a quick ratio of 1.01, a current ratio of 1.79 and a debt-to-equity ratio of 0.06. The company has a market capitalization of C$938.80 million, a PE ratio of -10.50 and a beta of 0.77.

Analyst Ratings Changes

Separately, Ventum Financial boosted their target price on First Mining Gold from C$1.40 to C$1.60 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, First Mining Gold currently has a consensus rating of “Buy” and a consensus price target of C$1.50.

Insider Buying and Selling at First Mining Gold

In other First Mining Gold news, insider James Maxwell sold 166,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of C$0.92, for a total transaction of C$152,720.00. Following the completion of the transaction, the insider owned 1,848,676 shares in the company, valued at C$1,700,781.92. This trade represents a 8.24% decrease in their ownership of the stock. Also, insider Stephen Andrew Lines acquired 60,000 shares of the stock in a transaction on Friday, September 18th. The shares were acquired at an average price of C$0.84 per share, with a total value of C$50,400.00. Following the transaction, the insider directly owned 729,507 shares of the company’s stock, valued at C$612,785.88. The trade was a 8.96% increase in their ownership of the stock. Insiders own 4.18% of the company’s stock.

About First Mining Gold

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.