Fury Gold Mines (NYSEAMERICAN:FURY) Shares Down 0.3% - Here's What Happened

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) shares fell 0.3% on Thursday . The stock traded as low as $0.50 and last traded at $0.51. 220,391 shares changed hands during trading, a decline of 4% from the average session volume of 230,684 shares. The stock had previously closed at $0.51.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a "buy" rating and issued a $1.40 price target (up previously from $1.20) on shares of Fury Gold Mines in a report on Tuesday, July 15th.

Fury Gold Mines Trading Down 0.3%

The business has a fifty day moving average of $0.51 and a 200-day moving average of $0.42. The company has a market cap of $86.93 million, a PE ratio of -0.94 and a beta of 0.76.

Hedge Funds Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its position in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,311,015 shares of the company's stock after acquiring an additional 200,000 shares during the period. Ashford Capital Management Inc. owned 2.18% of Fury Gold Mines worth $1,225,000 as of its most recent SEC filing. 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.

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