First Mining Finance (FF), the Financial sector company, has received a rating update from a Wall Street analyst today. H.C. Wainwright’s analyst Heiko Ihle reiterates their Buy rating on the shares, with a C$1.20 price target.
Ihle noted:
“We maintain our Buy rating while lowering our per share PT to C$1.20 from C$1.40. Our lowered PT resulted from tempered long- term gold price expectations mostly offset by lowered dilution from the decreased exercise and conversion of options and warrants given the current stock price.”
According to TipRanks.com, Ihle ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.5% and a 16.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Mining Finance with a C$1.20 average price target.
First Mining Finance’s market cap is currently C$131.1M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.50.
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 Thursday at C$0.24, equals to its 52-week low of C$0.24.
