Fury Gold Mines (NYSEAMERICAN:FURY) Shares Down 1.1% – What’s Next?

Fury Gold Mines Limited (NYSEAMERICAN:FURY)’s share price was down 1.1% during trading on Thursday . The company traded as low as $0.5736 and last traded at $0.5870. Approximately 273,509 shares were traded during trading, a decline of 51% from the average daily volume of 563,391 shares. The stock had previously closed at $0.5938.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.40 price objective on shares of Fury Gold Mines in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $1.40.

Fury Gold Mines Trading Down 1.1%

The firm has a market cap of $108.42 million, a P/E ratio of -1.11 and a beta of 0.65. The business has a 50-day moving average of $0.58 and a two-hundred day moving average of $0.59.

Institutional Investors Weigh In On Fury Gold Mines

Several hedge funds have recently added to or reduced their stakes in FURY. Bank of America Corp DE grew its holdings in Fury Gold Mines by 590.0% during the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after acquiring an additional 88,500 shares during the last quarter. Virginia Wealth Management Group Inc. acquired a new position in shares of Fury Gold Mines during the third quarter worth $46,000. Finally, Virtu Financial LLC acquired a new position in shares of Fury Gold Mines during the third quarter worth $69,000. 12.14% of the stock is currently owned by institutional investors and hedge funds.

Fury Gold Mines Company Profile

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.