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

Fury Gold Mines (NYSEAMERICAN:FURY) had its price target boosted by research analysts at HC Wainwright from $1.90 to $2.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 316.67% from the stock’s current price.

Fury Gold Mines Price Performance

Fury Gold Mines stock opened at $0.48 on Friday. Fury Gold Mines has a 1 year low of $0.31 and a 1 year high of $0.59. The company has a market capitalization of $72.72 million, a P/E ratio of -6.00 and a beta of 1.04.

Fury Gold Mines (NYSEAMERICAN:FURY) last issued its earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share for the quarter. On average, research analysts predict that Fury Gold Mines will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. raised its position in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,991,015 shares of the company’s stock after buying an additional 41,015 shares during the period. Ashford Capital Management Inc. owned approximately 2.05% of Fury Gold Mines worth $1,256,000 at the end of the most recent quarter. 12.14% of the stock is owned by institutional investors and hedge funds.

About Fury Gold Mines

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.