Fury Gold Mines (NYSEAMERICAN:FURY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Fury Gold Mines (NYSEAMERICAN:FURY) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Separately, HC Wainwright increased their price objective on shares of Fury Gold Mines from $1.40 to $2.00 and gave the company a “buy” rating in a report on Monday, March 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fury Gold Mines has a consensus rating of “Moderate Buy” and an average target price of $2.00.

Fury Gold Mines Price Performance

FURY opened at $0.59 on Tuesday. Fury Gold Mines has a one year low of $0.36 and a one year high of $1.02. The company’s 50 day simple moving average is $0.67 and its 200-day simple moving average is $0.65. The stock has a market capitalization of $109.99 million, a P/E ratio of -11.79 and a beta of 0.78.

Institutional Investors Weigh In On Fury Gold Mines

Several hedge funds have recently bought and sold shares of the company. Caisse de depot et placement du Quebec raised its holdings in 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 purchasing an additional 1,494,253 shares during the period. Renaissance Technologies LLC raised its holdings 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 period. XTX Topco Ltd raised its holdings in Fury Gold Mines by 256.4% in the fourth quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock worth $70,000 after purchasing an additional 85,437 shares during the period. Virtu Financial LLC acquired a new stake in Fury Gold Mines in the third quarter worth $69,000. Finally, Bank of America Corp DE raised its holdings in Fury Gold Mines by 590.0% in the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after purchasing an additional 88,500 shares during the period. 12.14% of the stock is currently owned by institutional investors and hedge funds.

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.