First Mining Gold Corp.

OTCPK:FFMG.F Stock Report

Market Cap: US$100.1m

First Mining Gold Valuation

Is FFMG.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 FFMG.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FFMG.F?

Key metric: As FFMG.F 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 FFMG.F. This is calculated by dividing FFMG.F's market cap by their current book value.
What is FFMG.F's PB Ratio?
PB Ratio0.6x
BookCA$217.99m
Market CapCA$140.38m

Price to Book Ratio vs Peers

How does FFMG.F's PB Ratio compare to its peers?

The above table shows the PB ratio for FFMG.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.9x
FTCO Fortitude Gold
1.1xn/aUS$126.9m
VGZ Vista Gold
4xn/aUS$73.4m
XTGR.F Xtra-Gold Resources
4.4xn/aUS$56.5m
DC Dakota Gold
2.2xn/aUS$206.8m
FFMG.F First Mining Gold
0.6x70.6%US$140.4m

Price-To-Book vs Peers: FFMG.F is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (2.9x).

Price to Book Ratio vs Industry

How does FFMG.F's PB Ratio compare vs other companies in the US Metals and Mining Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
BMXI Brookmount Explorations
0.1xn/aUS$6.20m
LITM Snow Lake Resources
0.2xn/aUS$3.58m
FFMG.F 0.6xIndustry Avg. 1.8xNo. of Companies14PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FFMG.F is good value based on its Price-To-Book Ratio (0.6x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is FFMG.F'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.

FFMG.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FFMG.F'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 FFMG.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.095
US$0.41
+328.4%
32.5%US$0.57US$0.25n/a3
Nov ’25US$0.10
US$0.52
+402.4%
16.4%US$0.58US$0.40n/a3
Oct ’25US$0.099
US$0.52
+428.5%
16.4%US$0.58US$0.40n/a3
Sep ’25US$0.10
US$0.52
+410.0%
16.4%US$0.58US$0.40n/a3
Aug ’25US$0.094
US$0.52
+453.8%
16.4%US$0.58US$0.40n/a3
Jul ’25US$0.092
US$0.51
+452.8%
20.2%US$0.58US$0.37n/a3
Jun ’25US$0.10
US$0.51
+392.6%
20.2%US$0.58US$0.37n/a3
May ’25US$0.11
US$0.55
+378.2%
24.0%US$0.73US$0.37n/a4
Apr ’25US$0.095
US$0.47
+392.5%
14.9%US$0.52US$0.37n/a3
Mar ’25US$0.08
US$0.49
+506.4%
13.3%US$0.52US$0.37n/a4
Feb ’25US$0.092
US$0.49
+429.9%
13.3%US$0.52US$0.37n/a4
Jan ’25US$0.099
US$0.54
+446.0%
5.6%US$0.58US$0.51n/a4
Dec ’24US$0.10
US$0.54
+435.1%
5.6%US$0.58US$0.51n/a4
Nov ’24US$0.094
US$0.54
+475.7%
5.6%US$0.58US$0.51US$0.104
Oct ’24US$0.10
US$0.54
+422.9%
5.6%US$0.58US$0.51US$0.0994
Sep ’24US$0.10
US$0.55
+421.7%
5.6%US$0.59US$0.52US$0.104
Aug ’24US$0.12
US$0.55
+358.7%
5.6%US$0.60US$0.52US$0.0944
Jul ’24US$0.13
US$0.56
+346.0%
5.6%US$0.60US$0.53US$0.0924
Jun ’24US$0.14
US$0.53
+287.1%
3.0%US$0.56US$0.52US$0.104
May ’24US$0.13
US$0.53
+303.0%
3.0%US$0.56US$0.52US$0.114
Apr ’24US$0.13
US$0.51
+291.0%
3.1%US$0.52US$0.48US$0.0954
Mar ’24US$0.14
US$0.54
+298.6%
10.3%US$0.64US$0.49US$0.084
Feb ’24US$0.16
US$0.54
+250.2%
10.3%US$0.64US$0.49US$0.0924
Jan ’24US$0.15
US$0.53
+254.4%
10.3%US$0.62US$0.48US$0.0994
Dec ’23US$0.15
US$0.61
+309.4%
15.2%US$0.74US$0.48US$0.104
Nov ’23US$0.15
US$0.59
+295.6%
11.7%US$0.66US$0.48US$0.0944

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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