First Mining Gold Corp.

LSE:0P07 Stock Report

Market Cap: CA$691.5m

First Mining Gold Valuation

Is 0P07 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0P07 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 0P07's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 0P07's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0P07?

Key metric: As 0P07 is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 0P07. This is calculated by dividing 0P07's market cap by their current book value.
What is 0P07's PB Ratio?
PB Ratio2.9x
BookCA$236.40m
Market CapCA$691.52m

Price to Book Ratio vs Peers

How does 0P07's PB Ratio compare to its peers?

The above table shows the PB ratio for 0P07 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average4.1x
ALTN AltynGold
4.4x14.99%UK£352.6m
ACG ACG Metals
4x60.09%UK£269.4m
SRB Serabi Gold
2.1x26.54%UK£239.3m
PAF Pan African Resources
6x31.34%UK£2.4b
0P07 First Mining Gold
2.9x80.37%CA$691.5m

Price-To-Book vs Peers: 0P07 is good value based on its Price-To-Book Ratio (2.9x) compared to the peer average (4.1x).

Price to Book Ratio vs Industry

How does 0P07's PB Ratio compare vs other companies in the GB Metals and Mining Industry?

22 CompaniesPrice / BookEstimated GrowthMarket Cap
KMR Kenmare Resources
0.3x77.75%US$300.65m
POG Petropavlovsk
0.08x12.47%US$56.91m
TGR Tirupati Graphite
0.3xn/aUS$10.50m
PXC Phoenix Copper
0.2xn/aUS$9.60m
0P07 2.9xIndustry Avg. 1.6xNo. of Companies22PB01.22.43.64.86+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 0P07 is expensive based on its Price-To-Book Ratio (2.9x) compared to the UK Metals and Mining industry average (1.6x).

Price to Book Ratio vs Fair Ratio

What is 0P07's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0P07 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 0P07's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0P07 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$0.52
CA$0.81
+56.96%
21.85%CA$1.00CA$0.45n/a6
Dec ’26CA$0.47
CA$0.79
+70.25%
22.89%CA$1.00CA$0.45n/a6
Nov ’26CA$0.34
CA$0.78
+131.11%
23.15%CA$1.00CA$0.45n/a5
Oct ’26CA$0.30
CA$0.70
+135.29%
28.57%CA$1.00CA$0.45n/a5
Sep ’26CA$0.20
CA$0.70
+245.68%
28.57%CA$1.00CA$0.45n/a5
Aug ’26CA$0.17
CA$0.66
+295.52%
31.29%CA$1.00CA$0.45n/a4
Jul ’26CA$0.19
CA$0.66
+253.33%
31.29%CA$1.00CA$0.45n/a4
Jun ’26n/a
CA$0.64
0%
36.94%CA$1.00CA$0.35n/a4
May ’26CA$0.17
CA$0.64
+286.36%
36.94%CA$1.00CA$0.35n/a4
Apr ’26CA$0.14
CA$0.59
+327.27%
27.82%CA$0.80CA$0.35n/a4
Mar ’26CA$0.12
CA$0.57
+362.59%
32.49%CA$0.80CA$0.35n/a3
Feb ’26n/a
CA$0.57
0%
32.49%CA$0.80CA$0.35n/a3
Jan ’26n/a
CA$0.57
0%
32.49%CA$0.80CA$0.35CA$0.543
Dec ’25CA$0.13
CA$0.57
+344.45%
32.49%CA$0.80CA$0.35CA$0.473
Nov ’25CA$0.14
CA$0.72
+421.21%
16.44%CA$0.80CA$0.55CA$0.343
Oct ’25CA$0.13
CA$0.72
+440.88%
16.44%CA$0.80CA$0.55CA$0.303
Sep ’25CA$0.13
CA$0.72
+451.28%
16.44%CA$0.80CA$0.55CA$0.203
Aug ’25CA$0.13
CA$0.72
+451.28%
16.44%CA$0.80CA$0.55CA$0.173
Jul ’25n/a
CA$0.70
0%
20.20%CA$0.80CA$0.50CA$0.193
Jun ’25CA$0.14
CA$0.70
+391.23%
20.20%CA$0.80CA$0.50n/a3
May ’25CA$0.14
CA$0.75
+445.45%
24.04%CA$1.00CA$0.50CA$0.174
Apr ’25n/a
CA$0.63
0%
14.89%CA$0.70CA$0.50CA$0.143
Mar ’25CA$0.10
CA$0.65
+519.05%
13.32%CA$0.70CA$0.50CA$0.124
Feb ’25n/a
CA$0.65
0%
13.32%CA$0.70CA$0.50n/a4
Jan ’25CA$0.13
CA$0.74
+467.31%
5.62%CA$0.80CA$0.70n/a4
CA$0.79
Fair Value
34.4% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/02 21:57
End of Day Share Price 2026/01/02 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Mining Gold Corp. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullCantor Fitzgerald Canada Corporation
Marcus GianniniHaywood Securities Inc.
Heiko IhleH.C. Wainwright & Co.