First Mining Gold Corp
TSX:FF
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (0.6), the stock would be worth CA$0.1 (78% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 2.8 | CA$0.46 |
0%
|
| 3-Year Average | 0.6 | CA$0.1 |
-78%
|
| 5-Year Average | 0.7 | CA$0.12 |
-75%
|
| Industry Average | 4.2 | CA$0.69 |
+50%
|
| Country Average | 2.7 | CA$0.44 |
-5%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
First Mining Gold Corp
TSX:FF
|
631.6m CAD | 2.8 | -7.9 | |
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD | 13 054 | 34 959.7 | |
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
653.6B ZAR | 4.7 | 11.2 | |
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
171.1B ZAR | 3.3 | 10.5 | |
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
914.7B CNY | 4.9 | 14.8 | |
| US |
|
Newmont Corporation
NYSE:NEM
|
131.4B USD | 3.9 | 18.6 | |
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
136.2B CAD | 4 | 22.4 | |
| CA |
|
Barrick Gold Corp
TSX:ABX
|
92.2B CAD | 2.6 | 13.8 | |
| CA |
|
Barrick Mining Corp
F:ABR0
|
57.1B EUR | 2.6 | 13.8 | |
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
88.1B CAD | 7.2 | 42.5 | |
| HK |
Z
|
Zijin Gold International Co Ltd
HKEX:2259
|
428.5B HKD | 6.5 | 34.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.6 |
| Median | 2.7 |
| 70th Percentile | 4.9 |
| Max | 1 402.4 |
Other Multiples
First Mining Gold Corp
Glance View
First Mining Gold Corp. operates as a mineral property holding company, which engages in acquiring mineral assets. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2005-10-11. The firm is focused on permitting and development of the Springpole Gold Project in northwestern Ontario and advancing work at its other gold projects in Canada. The company operates in one reportable operating segment, being the acquisition, exploration, development, and disposition of its North American mineral properties. The Springpole Gold Project is an undeveloped open-pit gold deposits located approximately 110-kilometer northeast of Red Lake, Ontario. The Springpole Gold Project comprises of 30 patented claims, 282 contiguous mining claims, and 13 mining leases totaling an area of approximately 41,943 hectares. The Pickle Crow Gold Project is located in the mining jurisdiction of northwestern Ontario, Canada. The Hope Brook Gold Project located in the mining jurisdiction of Newfoundland, Canada. Its other gold projects include Cameron and Duquesne, Duparquet and Pitt projects.
