Fury Gold Mines (NYSEAMERICAN:FURY) Stock Price Expected to Rise, HC Wainwright Analyst Says

Fury Gold Mines (NYSEAMERICAN:FURY) had its target price hoisted by equities research analysts at HC Wainwright from $1.10 to $1.20 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 204.57% from the company’s current price.

Fury Gold Mines Stock Down 1.0 %

Shares of NYSEAMERICAN FURY opened at $0.39 on Monday. The firm has a 50-day moving average price of $0.39 and a 200 day moving average price of $0.40. Fury Gold Mines has a 52 week low of $0.35 and a 52 week high of $0.56. The stock has a market capitalization of $59.86 million, a price-to-earnings ratio of -6.57 and a beta of 1.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. grew its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,311,015 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. Ashford Capital Management Inc. owned about 2.18% of Fury Gold Mines worth $1,225,000 at the end of the most recent quarter. 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.