Fury Gold Mines (NYSEAMERICAN:FURY) Trading Down 1.1% – Should You Sell?

Fury Gold Mines Limited (NYSEAMERICAN:FURY) traded down 1.1% on Thursday . The company traded as low as $0.5736 and last traded at $0.5870. 273,509 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 563,391 shares. The stock had previously closed at $0.5938.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.40 price target on shares of Fury Gold Mines in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1.40.

Fury Gold Mines Stock 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’s 50 day moving average is $0.58 and its two-hundred day moving average is $0.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Fury Gold Mines in the 3rd quarter valued at about $69,000. Virginia Wealth Management Group Inc. acquired a new stake in Fury Gold Mines during the third quarter worth approximately $46,000. Finally, Bank of America Corp DE increased its holdings in Fury Gold Mines by 590.0% in the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after purchasing an additional 88,500 shares in the last quarter. 12.14% of the stock is 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.