First Mining Gold (TSE:FF) Shares Down 4% – What’s Next?

Shares of First Mining Gold Corp. (TSE:FF) traded down 4% on Tuesday . The company traded as low as C$0.47 and last traded at C$0.48. 2,408,399 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 4,234,807 shares. The stock had previously closed at C$0.50.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their price target on First Mining Gold from C$0.45 to C$1.00 in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$0.85.

First Mining Gold Stock Performance

The stock has a 50 day moving average price of C$0.49 and a two-hundred day moving average price of C$0.51. The company has a current ratio of 2.16, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The company has a market cap of C$664.30 million, a price-to-earnings ratio of -8.00 and a beta of 0.90.

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. Analysts predict that First Mining Gold Corp. will post -0.05 EPS for the current year.

Insider Buying and Selling at First Mining Gold

In related news, insider Stephen Andrew Lines sold 403,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of C$0.60, for a total transaction of C$241,800.00. Following the sale, the insider owned 950,450 shares of the company’s stock, valued at approximately C$570,270. This trade represents a 29.78% decrease in their position. Also, Director Keith Neumeyer acquired 396,500 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of C$0.40 per share, for a total transaction of C$158,600.00. Following the purchase, the director directly owned 43,739,313 shares in the company, valued at C$17,495,725.20. This trade represents a 0.91% increase in their position. 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.