HC Wainwright Issues Pessimistic Forecast for First Mining Gold (TSE:FF) Stock Price

First Mining Gold (TSE:FF) had its target price reduced by research analysts at HC Wainwright from C$0.80 to C$0.35 in a note issued to investors on Tuesday,BayStreet.CA reports. HC Wainwright’s price objective would suggest a potential upside of 169.23% from the stock’s previous close.

First Mining Gold Stock Down 3.7 %

TSE FF traded down C$0.01 on Tuesday, reaching C$0.13. The stock had a trading volume of 609,300 shares, compared to its average volume of 794,625. First Mining Gold has a 1 year low of C$0.10 and a 1 year high of C$0.19. The business has a 50 day moving average price of C$0.14 and a 200 day moving average price of C$0.14. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14. The company has a market capitalization of C$132.60 million, a price-to-earnings ratio of -3.25 and a beta of 0.99.

About First Mining Gold

First Mining Gold Corp. engages in the acquisition, development, and exploration of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds interests in the Springpole Gold Project located in northwestern Ontario; Duparquet Gold Project, located on the destor-porcupine fault zone in the Abitibi region of Quebec, Canada; and the Cameron Gold Project located approximately 80 km southeast of Kenora in northwestern Ontario.