Fury Gold Mines (NYSEAMERICAN:FURY) Stock Price Up 4.8% – Should You Buy?

Fury Gold Mines Limited (NYSEAMERICAN:FURY)’s share price traded up 4.8% during mid-day trading on Monday . The company traded as high as $0.5450 and last traded at $0.5297. 161,943 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 231,945 shares. The stock had previously closed at $0.5056.

Wall Street Analyst Weigh In

Several analysts have weighed in on FURY shares. HC Wainwright boosted their price target on shares of Fury Gold Mines from $1.40 to $2.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Zacks Research upgraded Fury Gold Mines to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fury Gold Mines presently has a consensus rating of “Moderate Buy” and an average price target of $2.00.

Fury Gold Mines Stock Performance

The firm has a market cap of $97.70 million, a PE ratio of -5.14 and a beta of 0.68. The company’s 50-day simple moving average is $0.57 and its two-hundred day simple moving average is $0.63.

Institutional Trading of Fury Gold Mines

Large investors have recently modified their holdings of the business. Bank of America Corp DE increased 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 valued at $904,000 after purchasing an additional 104,900 shares during the period. Ashford Capital Management Inc. lifted its holdings in Fury Gold Mines by 2.2% in the 1st quarter. Ashford Capital Management Inc. now owns 3,730,015 shares of the company’s stock worth $2,272,000 after buying an additional 80,000 shares during the period. U S Global Investors Inc. bought a new stake in shares of Fury Gold Mines in the 1st quarter worth approximately $214,000. XTX Topco Ltd grew its position in shares of Fury Gold Mines by 256.4% in the 4th quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock worth $70,000 after buying an additional 85,437 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its stake in shares of Fury Gold Mines by 98.8% during the fourth quarter. Caisse de depot et placement du Quebec now owns 3,006,494 shares of the company’s stock valued at $1,777,000 after buying an additional 1,494,253 shares during the period. 12.14% of the stock is owned by institutional investors.

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.