First Mining Gold (TSX:FF) Moat Score: 2/10 (As of Jul. 04, 2026)


TSX:FF First Mining Gold Corp TSX:FF
35 GF Score
Price C$0.72
! 2 Warning Signs
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What is First Mining Gold Moat Score?

First Mining Gold TSX:FF +4.35% 35 Moat Score is 2 as of Jul. 04, 2026. GuruFocus rates TSX:FF with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 2,612 Metals & Mining companies, First Mining Gold ranks better than 83.23% on this metric.

First Mining Gold has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

First Mining Gold has No Moat: First Mining Gold Corp operates in the volatile mining industry with no significant cost advantages or proprietary technology. The company lacks market leadership and faces substantial competition, with no strong brand or customer loyalty to support a competitive edge.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Mining Gold might have No Moat - Very weak/transient advantages.

First Mining Gold  (TSX:FF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

First Mining Gold Moat Score Related Terms

TSX:FF vs NEM, AU: Moat Score Comparison

For the Gold subindustry, First Mining Gold's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Mining Gold Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Mining Gold's Moat Score distribution charts can be found below:

* The bar in red indicates where First Mining Gold's Moat Score falls into.


TSX:FF
35GF Score
First Mining Gold Corp TSX:FF
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
First Mining Gold (TSX:FF) has a Moat Score of 2 as of Jul. 04, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, First Mining Gold ranks #438 out of 2612 companies in the Metals & Mining industry, placing it in the top 16.8%.
Is First Mining Gold's Moat Score too high?
First Mining Gold's current Moat Score is 2. The Metals & Mining industry median Moat Score is 1.00. First Mining Gold's value of 2 is 100% above this industry median. Based on the distribution chart, First Mining Gold ranks #438 out of 2612 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, First Mining Gold has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does First Mining Gold's Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, First Mining Gold ranks #438 out of 2612 companies for Moat Score. This places First Mining Gold in the top 17% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. First Mining Gold's value of 2 is 100% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,612 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Mining Gold's current Moat Score of 2 is 100% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Mining Gold's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Mining Gold stock overvalued right now?
First Mining Gold (TSX:FF) has a current Moat Score of 2. The current Moat Score is 2 and 100% above the Metals & Mining industry median of 1.00. First Mining Gold's overall GF Score™ is 35/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Mining Gold (TSX:FF), the current Moat Score is 2 as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Mining Gold Business Description

Other Exchanges FFMGF:USA0P07:UKFMG:Germany
Address 1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2
First Mining Gold Corp is engaged in the acquisition, exploration, development, and strategic disposition of its Canadian mineral properties. The Company's portfolio includes gold projects in eastern Canada, including Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity, which holds the Pickle Crow gold project.
35GF Score

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