Fury Gold Mines (NYSEAMERICAN:FURY) Given New $1.90 Price Target at HC Wainwright

Fury Gold Mines (NYSEAMERICAN:FURY) had its price target lowered by analysts at HC Wainwright from $2.00 to $1.90 in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 179.58% from the company’s previous close.

Fury Gold Mines Price Performance

Shares of NYSEAMERICAN:FURY opened at $0.68 on Monday. Fury Gold Mines has a 1 year low of $0.46 and a 1 year high of $1.02. The company has a market cap of $129.21 million, a P/E ratio of -4.53 and a beta of 0.72. The stock’s fifty day moving average price is $0.55 and its 200-day moving average price is $0.60.

Institutional Investors Weigh In On Fury Gold Mines

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 in the last quarter. Caisse de depot et placement du Quebec purchased a new stake in Fury Gold Mines in the second quarter worth about $1,589,000. Bank of America Corp DE increased its position in Fury Gold Mines by 7.6% in the first quarter. Bank of America Corp DE now owns 1,484,863 shares of the company’s stock worth $904,000 after buying an additional 104,900 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Fury Gold Mines by 35.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company’s stock worth $752,000 after buying an additional 334,385 shares during the period. Finally, U S Global Investors Inc. purchased a new position in shares of Fury Gold Mines during the 1st quarter valued at about $214,000. 12.14% of the stock is currently owned by hedge funds and other 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.