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Fury Gold Mines (FURY) Receives a Buy from H.C. Wainwright

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Fury Gold Mines (FURYResearch Report) today and set a price target of $2.20. The company’s shares closed last Monday at $0.64, close to its 52-week low of $0.60.

According to TipRanks.com, Ihle is a 5-star analyst with an average return of 21.1% and a 45.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

Currently, the analyst consensus on Fury Gold Mines is a Moderate Buy with an average price target of $2.20.

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Based on Fury Gold Mines’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $7.51 million. In comparison, last year the company had a GAAP net loss of $3.46 million.

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Auryn Resources, Inc. is an exploration company. It focuses on the acquisition, exploration and development of mineral resource properties. The firm holds interest in Committee Bay, Gibson MacQuoid and Homestake Ridge projects. The company was founded on June 9, 2008 and is headquartered in Vancouver, Canada.

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