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

First Mining Gold (TSE:FF) had its price objective reduced by HC Wainwright from C$0.80 to C$0.35 in a research report issued on Tuesday,BayStreet.CA reports. HC Wainwright’s target price indicates a potential upside of 141.38% from the company’s previous close.

First Mining Gold Stock Performance

Shares of FF stock opened at C$0.15 on Tuesday. The stock has a market capitalization of C$147.90 million, a PE ratio of -3.25 and a beta of 0.99. First Mining Gold has a 52-week low of C$0.10 and a 52-week high of C$0.19. The stock’s 50-day moving average price is C$0.14 and its 200 day moving average price is C$0.14. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 0.14.

First Mining Gold Company Profile

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.