Sprott Inc. Reduces Position in Fury Gold Mines Limited $FURY

Key Points

• Sprott Inc. has drastically cut its stake in Fury Gold Mines Limited by 92.5%, selling 855,000 shares and now holding only 69,064 shares.
• Ashford Capital Management Inc. increased its shareholding in Fury Gold Mines by 6.4%, now owning over 3.3 million shares valued at approximately $1.2 million.
• Analysts at HC Wainwright have raised their price target for Fury Gold Mines to $1.40, maintaining a "buy" rating for the stock.

Sprott Inc. reduced its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 92.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,064 shares of the company's stock after selling 855,000 shares during the quarter. Sprott Inc.'s holdings in Fury Gold Mines were worth $27,000 at the end of the most recent quarter.

Separately, Ashford Capital Management Inc. raised its holdings in Fury Gold Mines by 6.4% in the 4th quarter. Ashford Capital Management Inc. now owns 3,311,015 shares of the company's stock worth $1,225,000 after purchasing an additional 200,000 shares during the period. 12.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "buy" rating and set a $1.40 price target (up from $1.20) on shares of Fury Gold Mines in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $1.40.

Fury Gold Mines Price Performance

Shares of FURY stock traded down $0.00 during trading hours on Thursday, hitting $0.51. The stock had a trading volume of 52,844 shares, compared to its average volume of 193,403. Fury Gold Mines Limited has a one year low of $0.35 and a one year high of $0.59. The stock's 50-day moving average price is $0.51 and its two-hundred day moving average price is $0.44. The stock has a market capitalization of $86.69 million, a price-to-earnings ratio of -0.95 and a beta of 0.76.

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.