# First Mining Gold Corp. (FF.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$0.90, market value C$1.3 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). First Mining Gold Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 5.7×**. The shares trade at 5.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -2.7%** (5-yr avg -17.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -35.7%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -8.9%**. Return on all capital, debt included, is -8.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -22.3%**. Each dollar of assets produces -22.3% of profit.

## Growth
- **EPS growth (1 yr): -306.3%**. Earnings per share fell 306.3%.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 5.1×**. It would take 5.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 3.18** (quick 3.18). Current assets cover the next year's liabilities 3.18 times.
- **Altman Z-score: 6.72**. A Z-score of 6.72 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. First Mining Gold Corp. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (8 analysts). 8 analysts cover First Mining Gold Corp.; the consensus is strong_buy, with an average price target of C$1.69 (+88% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 328.6%** (YTD 69.8%, 3-mo 100.0%). The shares are up 328.6% over twelve months including dividends.
- **From 52-week high: -8.2%** (300.0% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 3.05** (volatility 87%). Beta of 3.05 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FF.TO · Page: https://foliofundamentals.com/stocks/ff.to

Not investment advice.