Zacks Research Upgrades Fury Gold Mines (NYSEAMERICAN:FURY) to "Hold"

Key Points

• Zacks Research upgraded Fury Gold Mines to a "Hold", while HC Wainwright raised its price target to $2.00 and maintained a Buy; the consensus rating is a Moderate Buy with a $2.00 target.
• The stock opened at $0.59, has a market cap of about $110 million, 50/200‑day moving averages of $0.67/$0.65, a 52‑week range of $0.36–$1.02, and a negative P/E (−11.79).
• Several institutions increased holdings in Q4—Caisse de dépôt now owns ~3.0M shares and others (Renaissance, XTX Topco, Jane Street, Goldman Sachs) added or initiated positions; institutions hold roughly 12.14% of the company.

Fury Gold Mines (NYSEAMERICAN:FURY - Get Free Report) was upgraded by investment analysts at Zacks Research to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, HC Wainwright upped their price objective on shares of Fury Gold Mines from $1.40 to $2.00 and gave the company a "buy" rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2.00.

Fury Gold Mines Stock Performance

NYSEAMERICAN:FURY opened at $0.59 on Tuesday. The firm's fifty day moving average is $0.67 and its 200-day moving average is $0.65. Fury Gold Mines has a 52 week low of $0.36 and a 52 week high of $1.02. The firm has a market cap of $109.99 million, a P/E ratio of -11.79 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd raised its holdings in Fury Gold Mines by 256.4% during the fourth quarter. XTX Topco Ltd now owns 118,757 shares of the company's stock worth $70,000 after buying an additional 85,437 shares during the last quarter. Caisse de depot et placement du Quebec raised its holdings in Fury Gold Mines by 98.8% during the fourth quarter. Caisse de depot et placement du Quebec now owns 3,006,494 shares of the company's stock worth $1,777,000 after buying an additional 1,494,253 shares during the last quarter. Jane Street Group LLC acquired a new position in Fury Gold Mines during the fourth quarter worth $41,000. Renaissance Technologies LLC raised its holdings in Fury Gold Mines by 35.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company's stock worth $752,000 after buying an additional 334,385 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in Fury Gold Mines during the fourth quarter worth $45,000. Institutional investors and hedge funds own 12.14% of the company's stock.

About Fury Gold Mines

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines' flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d'Or in the prolific Abitibi greenstone belt of Quebec.

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