H.C. Wainwright has increased its price target for Fury Gold Mines (FURY, Financial), elevating it to $1.20 from the previous $1.10. The investment firm maintains a Buy rating on Fury Gold Mines shares, reflecting optimism about the company's prospects.
The decision to adjust the price target follows Fury Gold Mines' recent acquisition of Quebec Precious Metals, a move seen as pivotal for future expansion. The firm expects this acquisition to enhance the company's growth trajectory significantly, bolstering its position within the precious metals sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Fury Gold Mines Ltd (FURY, Financial) is $1.41 with a high estimate of $1.41 and a low estimate of $1.41. The average target implies an upside of 257.50% from the current price of $0.39. More detailed estimate data can be found on the Fury Gold Mines Ltd (FURY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Fury Gold Mines Ltd's (FURY, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
