Fury Gold Mines (NYSEAMERICAN:FURY) Trading Down 2.3% – Here’s Why

Fury Gold Mines Limited (NYSEAMERICAN:FURY) dropped 2.3% during mid-day trading on Friday . The company traded as low as $0.39 and last traded at $0.40. Approximately 81,949 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 144,875 shares. The stock had previously closed at $0.41.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price objective on shares of Fury Gold Mines from $1.90 to $2.00 and gave the stock a “buy” rating in a research report on Friday, October 25th.

Fury Gold Mines Stock Performance

The firm has a market capitalization of $60.68 million, a price-to-earnings ratio of -6.68 and a beta of 1.02.

Institutional Trading of Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Renaissance Technologies LLC grew its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 71.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,997 shares of the company’s stock after purchasing an additional 84,397 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of Fury Gold Mines worth $79,000 at the end of the most recent quarter. 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.