Fury Gold Mines (NYSEAMERICAN:FURY) Trading 0.7% Higher – Still a Buy?

Shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) shot up 0.7% during mid-day trading on Thursday . The company traded as high as $0.6032 and last traded at $0.5993. 326,816 shares changed hands during trading, a decline of 49% from the average session volume of 643,174 shares. The stock had previously closed at $0.5950.

Wall Street Analysts Forecast Growth

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

Fury Gold Mines Stock Up 0.7%

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

Hedge Funds Weigh In On Fury Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ashford Capital Management Inc. increased its holdings in Fury Gold Mines by 10.2% during the first 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 bought a new stake in Fury Gold Mines during the 3rd quarter valued at $69,000. Bank of America Corp DE boosted its position 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 acquiring an additional 88,500 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. purchased a new position in shares of Fury Gold Mines in the 3rd quarter valued at $46,000. 12.14% of the stock is currently owned by institutional investors.

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.