Fury Gold Mines (NYSEAMERICAN:FURY) Shares Down 2.7% – Time to Sell?

Fury Gold Mines Limited (NYSEAMERICAN:FURY) shares traded down 2.7% during trading on Thursday . The company traded as low as $0.5158 and last traded at $0.5158. 75,943 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 129,071 shares. The stock had previously closed at $0.5301.

Analyst Ratings Changes

Separately, Zacks Research upgraded Fury Gold Mines to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Fury Gold Mines has a consensus rating of “Moderate Buy” and an average price target of $2.00.

Fury Gold Mines Trading Down 2.7%

The firm’s fifty day moving average is $0.54 and its 200-day moving average is $0.62. The stock has a market capitalization of $98.07 million, a PE ratio of -5.16 and a beta of 0.71.

Institutional Investors Weigh In On Fury Gold Mines

A number of institutional investors have recently made changes to their positions in FURY. Ashford Capital Management Inc. raised its stake in shares of Fury Gold Mines by 2.2% in the 1st quarter. Ashford Capital Management Inc. now owns 3,730,015 shares of the company’s stock valued at $2,272,000 after acquiring an additional 80,000 shares during the period. Caisse de depot et placement du Quebec boosted its position in shares of Fury Gold Mines by 98.8% during the 4th quarter. Caisse de depot et placement du Quebec now owns 3,006,494 shares of the company’s stock worth $1,777,000 after purchasing an additional 1,494,253 shares during the period. Bank of America Corp DE boosted its position in shares of Fury Gold Mines by 7.6% during the 1st quarter. Bank of America Corp DE now owns 1,484,863 shares of the company’s stock worth $904,000 after purchasing an additional 104,900 shares during the period. Renaissance Technologies LLC increased its holdings in Fury Gold Mines by 35.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company’s stock valued at $752,000 after purchasing an additional 334,385 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new stake in Fury Gold Mines in the 1st quarter valued at approximately $214,000. 12.14% of the stock is currently owned by institutional investors and hedge funds.

About Fury Gold Mines

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.