Zacks Investment Research Downgrades Fury Gold Mines (NASDAQ:FURY) to Hold

Fury Gold Mines (NASDAQ:FURYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Fury Gold Mines Limited is an exploration and development company. It principally explores for gold. The company’s prime project includes Eau Claire project and Committee Bay gold project. Fury Gold Mines Limited is based in Toronto, Canada. “

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.80 price objective (down from $2.20) on shares of Fury Gold Mines in a report on Friday, February 25th.

Shares of FURY stock traded up $0.02 during trading hours on Thursday, hitting $0.60. The company’s stock had a trading volume of 70,977 shares, compared to its average volume of 207,388. The company has a 50 day moving average of $0.67 and a 200 day moving average of $0.67. The stock has a market cap of $83.08 million, a PE ratio of 2.98 and a beta of 1.03. Fury Gold Mines has a 12-month low of $0.56 and a 12-month high of $1.47.

A number of large investors have recently bought and sold shares of the business. Ashford Capital Management Inc. raised its position in Fury Gold Mines by 21.9% during the fourth quarter. Ashford Capital Management Inc. now owns 975,000 shares of the company’s stock worth $624,000 after acquiring an additional 175,000 shares during the period. Renaissance Technologies LLC raised its position in shares of Fury Gold Mines by 26.9% in the third quarter. Renaissance Technologies LLC now owns 661,340 shares of the company’s stock valued at $410,000 after buying an additional 140,293 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Fury Gold Mines in the fourth quarter valued at about $87,000. Ieq Capital LLC acquired a new stake in shares of Fury Gold Mines in the fourth quarter valued at about $78,000. Finally, Scotia Capital Inc. raised its position in shares of Fury Gold Mines by 27.8% in the third quarter. Scotia Capital Inc. now owns 108,820 shares of the company’s stock valued at $67,000 after buying an additional 23,668 shares during the last quarter. Institutional investors own 4.12% of the company’s stock.

About Fury Gold Mines (Get Rating)

Fury Gold Mines Limited operates as an exploration and development company in Canada. It primarily explores for gold properties. The company's flagship properties include the Eau Claire project that consists of map-designated claims totaling approximately 23,000 hectares located in the Eeyou Istchee James Bay Region of Northern Quebec; and Committee Bay project, which comprise 57 crown leases and 190 mineral claims in six non-contiguous blocks totaling approximately 297,273 hectares situated in the Kitikmeot Region of Nunavut.

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