Fury Gold Mines (NYSEAMERICAN:FURY) Trading Up 0.7% – Here’s Why

Fury Gold Mines Limited (NYSEAMERICAN:FURY) shares were up 0.7% on Thursday . The stock traded as high as $0.6032 and last traded at $0.5993. Approximately 326,816 shares were traded during trading, a decline of 49% from the average daily volume of 643,174 shares. The stock had previously closed at $0.5950.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $1.40 price target on shares of Fury Gold Mines in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1.40.

Fury Gold Mines Trading Up 0.7%

The firm’s 50-day moving average price is $0.61 and its 200-day moving average price is $0.57. The stock has a market capitalization of $110.70 million, a PE ratio of -1.13 and a beta of 0.66.

Hedge Funds Weigh In On Fury Gold Mines

Institutional investors and hedge funds have recently modified their holdings of the stock. Ashford Capital Management Inc. raised its holdings in Fury Gold Mines by 10.2% during the 1st quarter. Ashford Capital Management Inc. now owns 3,650,015 shares of the company’s stock valued at $1,442,000 after buying an additional 339,000 shares during the period. Virtu Financial LLC purchased a new position in shares of Fury Gold Mines during the 3rd quarter worth about $69,000. 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 valued at $51,000 after purchasing an additional 88,500 shares during the last quarter. Finally, Virginia Wealth Management Group Inc. purchased a new stake in Fury Gold Mines in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Company Profile

Fury Gold Mines Limited, together with its subsidiaries, engages in the gold exploration in Canada. Its principal projects include 100% owned Eau Claire property covering an area of approximately 24,000 hectares located in the Eeyou Istchee/James Bay Region of Quebec; ans Committee Bay gold project with approximately 250,000 hectares located in Nunavut, Canada.