HC Wainwright Reiterates "Buy" Rating for Fury Gold Mines (NYSEAMERICAN:FURY)

Key Points

• HC Wainwright has reaffirmed its "buy" rating for Fury Gold Mines (NYSEAMERICAN:FURY) with a price target of $1.40, indicating a potential upside of 152.66% from its recent close.
• Fury Gold Mines' shares recently increased by 8.4%, currently trading at around $0.55, with a 12-month range between $0.35 and $0.59.
• Institutional investors, including Ashford Capital Management, own about 12.14% of Fury Gold Mines, with Ashford increasing its stake by 10.2% in the first quarter.

HC Wainwright reissued their buy rating on shares of Fury Gold Mines (NYSEAMERICAN:FURY - Free Report) in a report issued on Wednesday,Benzinga reports. They currently have a $1.40 price objective on the stock. HC Wainwright also issued estimates for Fury Gold Mines' FY2025 earnings at ($0.05) EPS.

Fury Gold Mines Trading Up 3.8%

Shares of Fury Gold Mines stock traded up $0.02 during trading on Wednesday, reaching $0.67. The company's stock had a trading volume of 1,398,275 shares, compared to its average volume of 491,066. The stock has a 50-day moving average price of $0.52 and a two-hundred day moving average price of $0.45. Fury Gold Mines has a one year low of $0.35 and a one year high of $0.72. The stock has a market capitalization of $115.82 million, a P/E ratio of -1.27 and a beta of 0.83.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,311,015 shares of the company's stock after buying 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 quarter. 12.14% of the stock is currently owned by institutional investors and hedge funds.

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.