Ventum Financial Issues Positive Forecast for First Mining Gold (TSE:FF) Stock Price

Key Points

• Ventum Financial raised First Mining Gold’s price target to C$1.60 from C$1.40 and maintained a “Buy” rating, implying approximately 132% upside from the reported C$0.69 share price.
• HC Wainwright also increased its target to C$1.40. Both covering analysts rate the stock “Buy,” while the consensus target is C$1.23.
• First Mining Gold reported a quarterly loss of C$0.01 per share, and its shares traded down C$0.02 during Tuesday’s session. Insider activity was mixed, with one insider selling 166,000 shares and another purchasing 60,000 shares.

First Mining Gold (TSE:FF - Get Free Report) had its price target boosted by Ventum Financial from C$1.40 to C$1.60 in a note issued to investors on Tuesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Ventum Financial's target price points to a potential upside of 131.88% from the company's current price.

Separately, HC Wainwright raised their price target on shares of First Mining Gold from C$1.20 to C$1.40 in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$1.23.

First Mining Gold Price Performance

Shares of FF traded down C$0.02 during trading hours on Tuesday, reaching C$0.69. 1,638,493 shares of the company traded hands, compared to its average volume of 4,328,912. 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 stock has a market capitalization of C$1.03 billion, a PE ratio of -11.50 and a beta of 1.02. First Mining Gold has a fifty-two week low of C$0.27 and a fifty-two week high of C$0.98. The stock has a fifty day simple moving average of C$0.83 and a 200 day simple moving average of C$0.64.

First Mining Gold (TSE:FF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. As a group, research analysts predict that First Mining Gold will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling at First Mining Gold

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

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