Fury Gold Mines (NYSEAMERICAN:FURY) Trading Up 0.7% - Here's Why

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) shares were up 0.7% on Thursday . The stock traded as high as $0.6032 and last traded at $0.5993. Approximately 326,816 shares were traded during trading, a decline of 49% from the average daily volume of 643,174 shares. The stock had previously closed at $0.5950.Get Fury Gold Mines alerts:Analyst Upgrades and Downgrades3 International Stocks with Rising Short InterestSeparately, HC Wainwright reissued a "buy" rating and issued a $1.40 price target on shares of Fury Gold Mines in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $1.40.Read Our Latest Stock Analysis on FURYFury Gold Mines Trading Up 0.7%The firm's 50-day moving average price is $0.61 and its 200-day moving average price is $0.57. The stock has a market capitalization of $110.70 million, a PE ratio of -1.13 and a beta of 0.66. Hedge Funds Weigh In On Fury Gold MinesInstitutional investors and hedge funds have recently modified their holdings of the stock. Ashford Capital Management Inc. raised its holdings in Fury Gold Mines by 10.2% during the 1st quarter. Ashford Capital Management Inc. now owns 3,650,015 shares of the company's stock valued at $1,442,000 after buying an additional 339,000 shares during the period. Virtu Financial LLC purchased a new position in shares of Fury Gold Mines during the 3rd quarter worth about $69,000. Bank of America Corp DE grew its holdings in Fury Gold Mines by 590.0% during the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company's stock valued at $51,000 after purchasing an additional 88,500 shares during the last quarter. Finally, Virginia Wealth Management Group Inc. purchased a new stake in Fury Gold Mines in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 12.14% of the company's stock. Fury Gold Mines Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Fury Gold MinesStock Analyst Ratings and Canadian Analyst RatingsBroadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500ETF Screener: Uses and Step-by-Step Guide Forget the Chips: 4 Industrial Plays for the AI ReboundThe 3 Best Retail Stocks to Shop for in AugustMongoDB Could Hit Record Highs—But You’ll Need to Move FastThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Fury Gold Mines Right Now?Before you consider Fury Gold Mines, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fury Gold Mines wasn't on the list.While Fury Gold Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here