First Mining Gold Corp's latest earnings reveal ongoing challenges and opportunities in the gold sector.
First Mining Gold Corp (TSX: FF) reported its second quarter earnings for the period ending June 30, 2026, revealing an EPS of -$0.0057. This marks a continuation of a trend where the company has not met EPS estimates in the last four quarters. As Canadian investors consider their positions, understanding the context of these results is crucial.
Recent earnings trend
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First Mining Gold Corp
FF.TO
FF.TO
First Mining Gold Corp
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Market cap
$1.11B
52W high
$0.86
52W low
$0.17
1W change
+29.03%
Beta
1.06
Analyst Price Targets
Based on analyst covering FF
Wall Street analysts forecast FF stock price to rise 107.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$1.66
+107.0% Upside
Current Price
C$0.80
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FF's historical volatility
30-Day Vol
71.6%
Annualized
90-Day Vol
83.1%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$0.96
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.85 | C$0.66 – C$1.09 |
| 60 trading days | C$0.90 | C$0.64 – C$1.28 |
| 90 trading days | C$0.96 | C$0.62 – C$1.47 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | -0.0057 | — | — |
| 2026-03-31 | 2026-05-13 | -0.0235 | — | — |
| 2025-09-30 | 2025-11-11 | -0.0181 | — | — |
| 2025-06-30 | 2025-08-11 | -0.0046 | — | — |
| 2025-03-31 | 2025-05-13 | 0.0177 | — | — |
| 2024-09-30 | 2024-11-08 | -0.0058 | — | — |
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Investor takeaway: With a market cap of approximately CA$1.1 billion and a bullish analyst consensus target of CA$1.66, First Mining Gold Corp is at a pivotal moment, especially following the recent approval of its Springpole Gold Project. However, the negative EPS trends and lack of revenue growth raise questions about the company's near-term profitability.
EPS at -$0.0057, Continuing a Trend of Losses
This EPS result is in line with First Mining's historical performance, where the company has not reported a positive EPS in the last four quarters, indicating ongoing financial challenges.
Bull case
The approval of the Springpole Gold Project's Environmental Assessment could unlock significant value and operational momentum for First Mining. This positions the company favorably for future growth. Additionally, its ongoing partnerships and exploration initiatives may enhance its asset portfolio, potentially leading to better returns for investors.
Bear case
First Mining has consistently reported negative EPS and has yet to generate revenue, raising concerns about its financial viability. The lack of analyst coverage and its historical performance suggest that investors should proceed with caution, as operational challenges may continue despite project approvals.
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