Fury Gold Mines (NASDAQ:FURY) Lifted to “Buy” at Zacks Investment Research

Fury Gold Mines (NASDAQ:FURYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Zacks.com reports. The brokerage presently has a $0.75 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 26.12% from the stock’s current price.

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 set a $1.80 price objective (down previously from $2.20) on shares of Fury Gold Mines in a research report on Friday, February 25th.

Fury Gold Mines stock remained flat at $$0.59 during mid-day trading on Friday. 92,030 shares of the company’s stock traded hands, compared to its average volume of 206,200. Fury Gold Mines has a 52-week low of $0.56 and a 52-week high of $1.47. The firm’s 50 day moving average price is $0.67 and its two-hundred day moving average price is $0.67. The firm has a market capitalization of $82.94 million, a PE ratio of 2.97 and a beta of 1.03.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in Fury Gold Mines during the 4th quarter worth $37,000. Millennium Management LLC purchased a new position in Fury Gold Mines during the 2nd quarter worth $37,000. Scotia Capital Inc. boosted its holdings in Fury Gold Mines by 27.8% during the 3rd quarter. Scotia Capital Inc. now owns 108,820 shares of the company’s stock worth $67,000 after acquiring an additional 23,668 shares during the last quarter. Ieq Capital LLC purchased a new position in Fury Gold Mines during the 4th quarter worth $78,000. Finally, National Bank of Canada FI purchased a new position in Fury Gold Mines during the 4th quarter worth $87,000. 4.12% of the stock is owned by institutional investors and hedge funds.

Fury Gold Mines Company Profile (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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