First Mining Gold (TSE:FF) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

First Mining Gold Corp. (TSE:FF)’s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$0.63 and traded as high as C$0.67. First Mining Gold shares last traded at C$0.66, with a volume of 2,051,963 shares traded.

Analysts Set New Price Targets

Separately, Ventum Financial increased their price objective on shares of First Mining Gold from C$1.40 to C$1.60 and gave the company a “buy” rating in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$1.50.

First Mining Gold Stock Up 8.2%

The stock’s fifty day simple moving average is C$0.75 and its two-hundred day simple moving average is C$0.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.79 and a quick ratio of 1.01. The company has a market capitalization of C$983.50 million, a price-to-earnings ratio of -11.00 and a beta of 0.77.

First Mining Gold (TSE:FF) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. On average, sell-side analysts predict that First Mining Gold Corp. will post -0.05 earnings per share for the current fiscal year.

Insider Transactions at First Mining Gold

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