Fury Gold Mines (NYSEAMERICAN:FURY) Trading 4.3% Higher - Here's What Happened

Key Points

• Fury Gold Mines shares increased by 4.3% to $0.66, with a trading volume of 367,332 shares, marking a significant decline from its average volume.
• Analysts have set a target price of $1.40 with a consensus rating of "Buy" for Fury Gold Mines, according to HC Wainwright's recent research note.
• Ashford Capital Management has increased its stake in Fury Gold Mines by 10.2%, now owning about 2.40% of the company, indicating growing institutional interest.

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report)'s share price traded up 4.3% on Friday . The stock traded as high as $0.67 and last traded at $0.66. 367,332 shares changed hands during trading, a decline of 52% from the average session volume of 763,143 shares. The stock had previously closed at $0.63.

Analysts Set New Price Targets

Separately, HC Wainwright restated a "buy" rating and set a $1.40 target price on shares of Fury Gold Mines in a research note on Wednesday, September 3rd. One 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 price target of $1.40.

Fury Gold Mines Price Performance

The firm's 50-day moving average price is $0.57 and its 200 day moving average price is $0.48. The firm has a market cap of $113.30 million, a P/E ratio of -1.25 and a beta of 0.83.

Hedge Funds Weigh In On Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its stake in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,650,015 shares of the company's stock after purchasing an additional 339,000 shares during the period. Ashford Capital Management Inc. owned about 2.40% of Fury Gold Mines worth $1,442,000 as of its most recent filing with the SEC. Hedge funds and other 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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