Fury Gold Mines (NYSEAMERICAN:FURY) Trading 4.8% Higher – Still a Buy?

Fury Gold Mines Limited (NYSEAMERICAN:FURY) shares were 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 trading, a decline of 30% from the average daily volume of 231,945 shares. The stock had previously closed at $0.5056.

Analyst Upgrades and Downgrades

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

Fury Gold Mines Stock Up 4.8%

The stock has a 50-day simple moving average of $0.57 and a two-hundred day simple moving average of $0.63. The firm has a market cap of $100.71 million, a PE ratio of -5.30 and a beta of 0.68.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Fury Gold Mines in the 4th quarter valued at $41,000. Goldman Sachs Group Inc. bought a new position in shares of Fury Gold Mines during the fourth quarter valued at about $45,000. Bank of America Corp DE increased its holdings in shares of Fury Gold Mines by 590.0% in the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after buying an additional 88,500 shares during the period. Virtu Financial LLC purchased a new position in shares of Fury Gold Mines in the third quarter worth about $69,000. Finally, XTX Topco Ltd lifted its stake 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 valued at $70,000 after acquiring an additional 85,437 shares during the last quarter. 12.14% of the stock is owned by hedge funds and other institutional investors.

Fury Gold Mines Company Profile

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.