Fury Gold Mines Limited (NYSEAMERICAN:FURY – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 881,615 shares, a growth of 79.4% from the May 31st total of 491,434 shares. Based on an average trading volume of 303,575 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.5% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Fury Gold Mines by 7.6% in the 1st quarter. Bank of America Corp DE now owns 1,484,863 shares of the company’s stock valued at $904,000 after acquiring an additional 104,900 shares in the last quarter. Ashford Capital Management Inc. grew its position in Fury Gold Mines by 2.2% during the 1st quarter. Ashford Capital Management Inc. now owns 3,730,015 shares of the company’s stock worth $2,272,000 after purchasing an additional 80,000 shares in the last quarter. U S Global Investors Inc. purchased a new position in Fury Gold Mines during the 1st quarter worth approximately $214,000. XTX Topco Ltd raised its stake in Fury Gold Mines by 256.4% during the 4th quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock valued at $70,000 after purchasing an additional 85,437 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its holdings in shares of Fury Gold Mines by 98.8% in the fourth quarter. Caisse de depot et placement du Quebec now owns 3,006,494 shares of the company’s stock valued at $1,777,000 after purchasing an additional 1,494,253 shares in the last quarter. 12.14% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on FURY shares. HC Wainwright lifted their price objective on shares of Fury Gold Mines from $1.40 to $2.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Zacks Research raised shares of Fury Gold Mines to a “hold” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2.00.
Fury Gold Mines Stock Up 3.6%
NYSEAMERICAN:FURY opened at $0.54 on Friday. Fury Gold Mines has a 1-year low of $0.46 and a 1-year high of $1.02. The firm has a market capitalization of $102.66 million, a price-to-earnings ratio of -5.40 and a beta of 0.71. The stock has a fifty day simple moving average of $0.56 and a 200 day simple moving average of $0.63.
Fury Gold Mines Company Profile
Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.
Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.
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