Fury Gold Mines (NYSEAMERICAN:FURY) Stock Price Down 1.5% – What’s Next?

Fury Gold Mines Limited (NYSEAMERICAN:FURY) fell 1.5% on Monday . The stock traded as low as $0.5611 and last traded at $0.5650. 189,401 shares changed hands during trading, a decline of 33% from the average session volume of 281,723 shares. The stock had previously closed at $0.5735.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FURY shares. HC Wainwright reduced their price target on shares of Fury Gold Mines from $2.00 to $1.90 and set a “buy” rating for the company in a research report on Monday, August 24th. UBS Group set a $1.90 price objective on Fury Gold Mines in a research note on Monday, August 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Fury Gold Mines currently has a consensus rating of “Moderate Buy” and a consensus target price of $1.90.

Fury Gold Mines Stock Down 3.7%

The firm has a market cap of $106.66 million, a price-to-earnings ratio of -3.74 and a beta of 0.78. The business has a 50 day moving average price of $0.58 and a 200-day moving average price of $0.58.

Institutional Trading of Fury Gold Mines

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ashford Capital Management Inc. raised its position in shares of Fury Gold Mines by 2.2% during the first quarter. Ashford Capital Management Inc. now owns 3,730,015 shares of the company’s stock valued at $2,272,000 after buying an additional 80,000 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Fury Gold Mines during the 2nd quarter worth approximately $52,000. Bank of America Corp DE boosted its stake in shares of Fury Gold Mines by 7.6% in the 1st quarter. Bank of America Corp DE now owns 1,484,863 shares of the company’s stock valued at $904,000 after purchasing an additional 104,900 shares in the last quarter. U S Global Investors Inc. bought a new stake in Fury Gold Mines during the first quarter worth about $214,000. Finally, Caisse de depot et placement du Quebec bought a new position in Fury Gold Mines in the 2nd quarter valued at $1,589,000. 12.14% of the stock is currently owned by hedge funds and other institutional investors.

About Fury Gold Mines

Fury Gold Mines Limited is a Canadian mineral exploration company focused on the discovery and advancement of gold deposits in Canada. The company’s activities include acquiring, exploring and evaluating mineral properties, with work generally centered on geological mapping, drilling and resource development rather than the production or sale of gold.

Fury’s principal assets include the Eau Claire gold project in Quebec’s James Bay region and the Committee Bay gold project in Nunavut. Eau Claire is an advanced-stage exploration project, while Committee Bay is a large-scale exploration property covering prospective ground in the Kitikmeot region of Nunavut.