Today, an analyst has provided a rating update for the Financial sector company, First Mining Finance (FF). The company received a Buy rating from H.C. Wainwright’s analyst Heiko Ihle, with a C$1.40 price target.
Ihle observed:
“We maintain our Buy rating while increasing our PT to C$1.40 per share from C$1.20 per share. Our increased PT is a result of our adjusted gold price deck. Our valuation is based on a DCF at Springpole utilizing a 9% discount rate.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -2.9% and a 41.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Currently, the analyst consensus on First Mining Finance is a Moderate Buy with an average price target of C$1.40.
First Mining Finance’s market cap is currently C$217.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.83.
First Mining Gold Corp. operates as a mineral property holding company, which engages in acquiring mineral assets and holding or banking these assets until the capital markets for commodities and mining projects improves. It focuses interest on the Hope Brook, Goldlund, Springpole, Cameron, Pickle Crow, Duparquet, PITT and Duquesne Gold projects in Canada.
The company’s shares closed on Tuesday at C$0.39.
