Fury Gold Mines (NYSEAMERICAN:FURY) Receives Buy Rating from HC Wainwright

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

Fury Gold Mines Price Performance

Fury Gold Mines stock traded up $0.02 during midday trading on Wednesday, reaching $0.69. The company's stock had a trading volume of 636,322 shares, compared to its average volume of 236,422. The stock's 50-day simple moving average is $0.52 and its 200-day simple moving average is $0.45. The stock has a market capitalization of $118.79 million, a P/E ratio of -1.31 and a beta of 0.83. Fury Gold Mines has a 52-week low of $0.35 and a 52-week high of $0.72.

Hedge Funds Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Bank of America Corp DE increased its stake in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 590.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,500 shares of the company's stock after buying an additional 88,500 shares during the quarter. Bank of America Corp DE owned about 0.06% of Fury Gold Mines worth $51,000 at the end of the most recent reporting period. 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.