Fury Gold Mines (NYSEAMERICAN:FURY) Trading Down 1.6% – Here’s Why

Fury Gold Mines Limited (NYSEAMERICAN:FURY) shares were down 1.6% during trading on Monday . The stock traded as low as $0.37 and last traded at $0.38. Approximately 213,584 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 149,911 shares. The stock had previously closed at $0.39.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped their price objective on shares of Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating for the company in a research note on Tuesday, January 14th.

Fury Gold Mines Stock Performance

The company has a market capitalization of $58.39 million, a price-to-earnings ratio of -6.41 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. Sprott Inc. lifted its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 924,064 shares of the company’s stock after acquiring an additional 55,485 shares during the period. Sprott Inc. owned approximately 0.61% of Fury Gold Mines worth $359,000 as of its most recent SEC filing. 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.