Fury Gold Mines (NYSEAMERICAN:FURY) Trading Down 0.3% - Should You Sell?

Key Points

• Fury Gold Mines shares declined by 0.3% to $0.51, with trading volume slightly lower than average at 220,391 shares.
• Analysts at HC Wainwright reaffirmed a "buy" rating for Fury Gold Mines and raised their price target from $1.20 to $1.40.
• Ashford Capital Management increased its stake in the company by 6.4%, owning 2.18% of Fury Gold Mines, as institutional investors now hold 12.14% of the stock.

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report)'s stock price fell 0.3% during mid-day trading on Thursday . The company traded as low as $0.50 and last traded at $0.51. 220,391 shares were traded during trading, a decline of 4% from the average session volume of 230,684 shares. The stock had previously closed at $0.51.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and set a $1.40 price target (up from $1.20) on shares of Fury Gold Mines in a research note on Tuesday, July 15th.

Fury Gold Mines Price Performance

The company has a market capitalization of $86.69 million, a PE ratio of -0.94 and a beta of 0.76. The company's 50 day simple moving average is $0.51 and its 200 day simple moving average is $0.43.

Hedge Funds Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. grew its position in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 reporting period. Institutional investors own 12.14% of the company's stock.

About Fury Gold Mines

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.