First Mining Current Valuation vs. Number Of Shares Shorted

FF Stock  CAD 0.14  0.01  7.69%   
Considering the key profitability indicators obtained from First Mining's historical financial statements, First Mining Gold may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess First Mining's ability to earn profits and add value for shareholders. At this time, First Mining's Average Receivables is very stable compared to the past year. As of the 11th of December 2024, Interest Debt Per Share is likely to grow to 0.02, while PTB Ratio is likely to drop 0.44.
For First Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of First Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well First Mining Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between First Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of First Mining Gold over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between First Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

First Mining Gold Number Of Shares Shorted vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining First Mining's current stock value. Our valuation model uses many indicators to compare First Mining value to that of its competitors to determine the firm's financial worth.
First Mining Gold is rated as one of the top companies in current valuation category among its peers. It also is one of the top stocks in number of shares shorted category among its peers making about  0.01  of Number Of Shares Shorted per Current Valuation. The ratio of Current Valuation to Number Of Shares Shorted for First Mining Gold is roughly  67.51 . Comparative valuation analysis is a catch-all model that can be used if you cannot value First Mining by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for First Mining's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

First Current Valuation vs. Competition

First Mining Gold is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 274.62 Million. First Mining totals roughly 126.82 Million in current valuation claiming about 46% of all equities under Materials industry.

First Number Of Shares Shorted vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

First Mining

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
126.82 M
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

First Mining

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
1.88 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

First Number Of Shares Shorted Comparison

First Mining is currently under evaluation in number of shares shorted category among its peers.

First Mining Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in First Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, First Mining will eventually generate negative long term returns. The profitability progress is the general direction of First Mining's change in net profit over the period of time. It can combine multiple indicators of First Mining, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income49.1 M51.5 M
Operating Income-9.6 M-9.1 M
Net Loss-7 M-7.4 M
Income Tax Expense-1.6 M-1.5 M
Income Before Tax-7.1 M-7.4 M
Total Other Income Expense Net2.5 M2.6 M
Net Loss-7 M-7.4 M
Net Loss-14.7 M-15.4 M
Interest Income941 K829.7 K
Net Interest Income941 K988 K
Change To Netincome13.8 M9.1 M
Net Loss(0.01)(0.01)
Income Quality 0.72  0.74 
Net Income Per E B T 0.99  1.30 

First Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on First Mining. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of First Mining position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the First Mining's important profitability drivers and their relationship over time.

Use First Mining in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Mining will appreciate offsetting losses from the drop in the long position's value.

First Mining Pair Trading

First Mining Gold Pair Trading Analysis

The ability to find closely correlated positions to First Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Mining Gold to buy it.
The correlation of First Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Mining Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your First Mining position

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Other Information on Investing in First Stock

To fully project First Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of First Mining Gold at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include First Mining's income statement, its balance sheet, and the statement of cash flows.
Potential First Mining investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although First Mining investors may work on each financial statement separately, they are all related. The changes in First Mining's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on First Mining's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.