Fury Gold Mines (NYSEAMERICAN:FURY) Shares Down 6.8% – Here’s What Happened

Fury Gold Mines Limited (NYSEAMERICAN:FURY)’s stock price fell 6.8% during trading on Tuesday. The stock traded as low as $0.5084 and last traded at $0.5241. Approximately 832,654 shares were traded during trading, an increase of 292% from the average daily volume of 212,320 shares. The stock had previously closed at $0.5624.

Analyst Upgrades and Downgrades

FURY has been the topic of several recent analyst reports. UBS Group set a $1.90 target price on shares of Fury Gold Mines in a research note on Monday, August 24th. HC Wainwright reduced their price target on shares of Fury Gold Mines from $2.00 to $1.90 and set a “buy” rating for the company in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1.90.

Fury Gold Mines Stock Down 0.2%

The firm has a market capitalization of $95.64 million, a P/E ratio of -3.35 and a beta of 0.72. The firm’s 50-day simple moving average is $0.58 and its 200-day simple moving average is $0.57.

Institutional Investors Weigh In On Fury Gold Mines

A number of large investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. bought a new stake in Fury Gold Mines in the 2nd quarter worth approximately $52,000. U S Global Investors Inc. bought a new position in Fury Gold Mines during the first quarter valued at approximately $214,000. Bank of America Corp DE bought a new position in Fury Gold Mines during the second quarter valued at approximately $456,000. Caisse de depot et placement du Quebec purchased a new position in shares of Fury Gold Mines during the second quarter worth approximately $1,589,000. Finally, Ashford Capital Management Inc. raised its stake in shares of Fury Gold Mines by 2.2% during the first quarter. Ashford Capital Management Inc. now owns 3,730,015 shares of the company’s stock worth $2,272,000 after acquiring an additional 80,000 shares in the last quarter. Hedge funds and other institutional investors own 12.14% of the company’s stock.

About Fury Gold Mines

Fury Gold Mines Limited is a Canadian mineral exploration and development company focused on discovering and advancing gold deposits. The company is listed on the NYSE American and the Toronto Stock Exchange under the symbol FURY.

Fury’s principal assets include the Eau Claire gold project in Quebec’s James Bay region and the Committee Bay gold project in Nunavut. Eau Claire is an advanced exploration project with a defined gold resource, while Committee Bay covers a large, prospective land package in the Kitikmeot region.