H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on First Mining Finance (FF – Research Report) yesterday and set a price target of C$0.35.
Heiko Ihle has given his Buy rating due to a combination of factors influencing First Mining Finance’s potential for growth and value creation. The recent amendment to the silver purchase agreement with First Majestic enhances First Mining’s liquidity through a $5.0M cash payment and offers potential additional capital via revised warrant terms. This financial strengthening is expected to support the company’s exploration endeavors.
Furthermore, First Mining’s 2025 exploration program at the Duparquet Gold Project is set to be its most significant to date, with plans for extensive drilling aimed at expanding resources and unlocking the site’s gold potential. Ihle’s valuation of the company, based on discounted cash flow analysis for the Springpole project and other assets, reflects confidence in the firm’s ability to unlock shareholder value. The valuation considers risk factors and aligns with similar early-stage assets, suggesting that First Mining’s current market position is favorable for investment.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FF in relation to earlier this year.