HC Wainwright Reaffirms “Buy” Rating for Fury Gold Mines (NYSEAMERICAN:FURY)

Fury Gold Mines (NYSEAMERICAN:FURY)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $1.40 price target on the stock, up from their previous price target of $1.20. HC Wainwright’s price target points to a potential upside of 166.21% from the stock’s previous close.

Fury Gold Mines Stock Performance

Shares of NYSEAMERICAN:FURY opened at $0.53 on Tuesday. The business’s 50 day simple moving average is $0.46 and its two-hundred day simple moving average is $0.41. The firm has a market cap of $90.27 million, a P/E ratio of -0.97 and a beta of 0.81. Fury Gold Mines has a 52-week low of $0.35 and a 52-week high of $0.56.

Hedge Funds Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. increased its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,311,015 shares of the company’s stock after acquiring an additional 200,000 shares during the period. Ashford Capital Management Inc. owned about 2.18% of Fury Gold Mines worth $1,225,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.14% of the company’s stock.

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.