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

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

Analysts Set New Price Targets

Separately, Zacks Research raised Fury Gold Mines to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2.00.

Fury Gold Mines Price Performance

The stock has a market capitalization of $98.87 million, a P/E ratio of -5.20 and a beta of 0.71. The company’s 50 day simple moving average is $0.54 and its two-hundred day simple moving average is $0.62.

Institutional Investors Weigh In On Fury Gold Mines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec lifted its holdings in 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 buying an additional 1,494,253 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of Fury Gold Mines during the first quarter valued at $214,000. Renaissance Technologies LLC boosted its holdings in Fury Gold Mines by 35.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company’s stock valued at $752,000 after acquiring an additional 334,385 shares during the last quarter. Virtu Financial LLC acquired a new stake in Fury Gold Mines in the third quarter worth about $69,000. Finally, Bank of America Corp DE raised its holdings in 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 last quarter. Institutional investors and hedge funds own 12.14% of the company’s stock.

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.