Fury Gold Mines (NYSEAMERICAN:FURY) Shares Up 7.2% – Time to Buy?

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was up 7.2% during mid-day trading on Wednesday. The stock traded as high as $0.5299 and last traded at $0.5220. Approximately 354,584 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 250,016 shares. The stock had previously closed at $0.4870.

Analyst Ratings Changes

FURY has been the subject of several analyst reports. HC Wainwright cut 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 report on Monday, August 24th. UBS Group set a $1.90 price target on shares of Fury Gold Mines in a research report on Monday, August 24th. One research 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, Fury Gold Mines has a consensus rating of “Moderate Buy” and an average price target of $1.90.

Fury Gold Mines Stock Performance

The business has a 50 day simple moving average of $0.54 and a two-hundred day simple moving average of $0.60. The firm has a market capitalization of $99.25 million, a P/E ratio of -3.48 and a beta of 0.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cibc World Market Inc. bought a new position in shares of Fury Gold Mines in the second quarter worth approximately $52,000. U S Global Investors Inc. purchased a new stake in Fury Gold Mines in the first quarter valued at approximately $214,000. Bank of America Corp DE purchased a new stake in Fury Gold Mines in the second quarter valued at approximately $456,000. Caisse de depot et placement du Quebec bought a new stake in Fury Gold Mines during the second quarter valued at approximately $1,589,000. Finally, Ashford Capital Management Inc. lifted its position in 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 purchasing an additional 80,000 shares during the last quarter. Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Company Profile

Fury Gold Mines Limited is a Canadian mineral exploration company focused on discovering and advancing high-grade gold deposits. The company is not a gold producer and concentrates on exploration, resource evaluation, permitting and development studies for its mineral properties.

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 exploration project, while Committee Bay covers a large prospective land package in a historically underexplored portion of the Canadian Arctic.