Fury Gold Mines (NYSEAMERICAN:FURY) Price Target Lowered to $1.10 at HC Wainwright

Fury Gold Mines (NYSEAMERICAN:FURY) had its target price reduced by analysts at HC Wainwright from $2.00 to $1.10 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 199.56% from the company’s current price.

Fury Gold Mines Stock Performance

Fury Gold Mines stock opened at $0.37 on Tuesday. Fury Gold Mines has a 1 year low of $0.31 and a 1 year high of $0.59. The stock has a market capitalization of $55.63 million, a PE ratio of -6.12 and a beta of 1.02.

Institutional Investors Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. grew its holdings in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,111,015 shares of the company’s stock after buying an additional 100,000 shares during the period. Ashford Capital Management Inc. owned 2.05% of Fury Gold Mines worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.14% of the company’s stock.

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.