First Mining Gold (TSE:FF) Insider Acquires C$14,400.00 in Stock

Key Points

• Insider purchase: Richard Huang bought 36,000 shares on March 20 at C$0.40 each for C$14,400, increasing his direct stake to 2,219,766 shares (a 1.65% ownership increase, valued at C$887,906.40).
• Stock snapshot: FF traded flat at C$0.50 with volume 2.43M (below its 5.27M average), a market cap of C$690.87M and recent quarterly loss of C($0.02) per share; analysts expect about C($0.05) EPS for the year.
• Analyst view: HC Wainwright raised its price target from C$0.45 to C$1.00, and the consensus price target sits at C$0.85 with an overall "Buy" average rating.

First Mining Gold Corp. (TSE:FF - Get Free Report) insider Richard Huang purchased 36,000 shares of First Mining Gold stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of C$0.40 per share, for a total transaction of C$14,400.00. Following the transaction, the insider directly owned 2,219,766 shares of the company's stock, valued at C$887,906.40. This represents a 1.65% increase in their ownership of the stock.

First Mining Gold Stock Performance

TSE FF remained flat at C$0.50 during midday trading on Friday. The company's stock had a trading volume of 2,431,798 shares, compared to its average volume of 5,274,224. The stock has a market cap of C$690.87 million, a P/E ratio of -25.00 and a beta of 0.65. The company has a quick ratio of 1.01, a current ratio of 3.43 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of C$0.58 and a 200-day moving average of C$0.47. First Mining Gold Corp. has a 52-week low of C$0.12 and a 52-week high of C$0.86.

First Mining Gold (TSE:FF - Get Free Report) last released its earnings results on Monday, March 30th. The company reported C($0.02) earnings per share for the quarter. On average, equities analysts anticipate that First Mining Gold Corp. will post -0.05 EPS for the current year.

Wall Street Analyst Weigh In

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

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.

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