Fury Gold Mines (NYSEAMERICAN:FURY) Price Target Raised to $2.00 at HC Wainwright

Fury Gold Mines (NYSEAMERICAN:FURY) had its price target raised by HC Wainwright from $1.40 to $2.00 in a research note published on Monday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Fury Gold Mines Trading Down 2.8%

FURY opened at $0.68 on Monday. Fury Gold Mines has a 12 month low of $0.35 and a 12 month high of $1.02. The company has a market cap of $127.23 million, a PE ratio of -1.29 and a beta of 0.66. The company has a 50 day moving average of $0.71 and a 200 day moving average of $0.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caisse de depot et placement du Quebec grew its holdings in shares of Fury Gold Mines by 98.8% in 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 acquiring an additional 1,494,253 shares during the period. Renaissance Technologies LLC boosted its position in Fury Gold Mines by 35.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company’s stock worth $752,000 after purchasing an additional 334,385 shares during the last quarter. Virtu Financial LLC purchased a new position in Fury Gold Mines in the third quarter worth about $69,000. Bank of America Corp DE grew its stake in shares of Fury Gold Mines by 590.0% during the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock valued at $51,000 after purchasing an additional 88,500 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Fury Gold Mines by 256.4% during the 4th quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock valued at $70,000 after purchasing an additional 85,437 shares during the period. Institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Company Profile

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.