First Mining Gold (TSE:FF) Releases Earnings Results

First Mining Gold (TSE:FF) released its earnings results on Wednesday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

First Mining Gold Trading Up 5.1%

TSE FF opened at C$0.82 on Friday. The firm has a market capitalization of C$1.14 billion, a PE ratio of -13.67 and a beta of 0.87. The business’s 50-day moving average price is C$0.62 and its two-hundred day moving average price is C$0.57. The company has a current ratio of 1.79, a quick ratio of 1.01 and a debt-to-equity ratio of 0.06. First Mining Gold has a 12 month low of C$0.17 and a 12 month high of C$0.86.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their price target on shares of First Mining Gold from C$1.20 to C$1.40 in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Mining Gold presently has a consensus rating of “Buy” and a consensus target price of C$1.05.

Insider Activity at First Mining Gold

In related news, 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 acquisition, the director directly owned 46,342,813 shares of the company’s stock, valued at approximately C$35,683,966.01. The trade was a 0.22% increase in their position. Also, insider Stephen Andrew Lines bought 72,464 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 669,507 shares in the company, valued at approximately C$461,959.83. This trade represents a 12.14% increase in their position. Insiders have purchased 525,964 shares of company stock worth $394,695 over the last ninety days. 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.