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Fury Gold Mines ( (TSE:FURY) ) has provided an update.
On June 20, 2025, Fury Gold Mines Limited announced the successful closing of a private placement, raising a total of C$3,374,600. This financing includes the issuance of flow-through shares and participation by Agnico Eagle Mines Limited, with proceeds intended to advance Fury’s exploration projects in Quebec and Nunavut. The announcement highlights significant institutional interest and support from company directors, positioning Fury to enhance its exploration efforts and potential discoveries.
The most recent analyst rating on (TSE:FURY) stock is a Buy with a C$1.90 price target. To see the full list of analyst forecasts on Fury Gold Mines stock, see the TSE:FURY Stock Forecast page.
Spark’s Take on TSE:FURY Stock
According to Spark, TipRanks’ AI Analyst, TSE:FURY is a Underperform.
Fury Gold Mines faces significant financial challenges, with no revenue generation and ongoing cash burn, leading to a low financial performance score. Technical analysis indicates a lack of momentum, and the valuation is unattractive due to a negative P/E ratio. The recent acquisition of Quebec Precious Metals is a strategic move that could enhance future growth, but uncertainties remain regarding its impact.
To see Spark’s full report on TSE:FURY stock, click here.
More about Fury Gold Mines
Fury Gold Mines Limited is a well-financed Canadian-focused exploration company operating in two prolific mining regions across Canada. The company holds a significant position in Dolly Varden Silver Corp and aims to expand its gold platform through project evaluation and exploration excellence. Fury is committed to high standards of corporate governance, environmental stewardship, community engagement, and sustainable mining.
Average Trading Volume: 71,854
Technical Sentiment Signal: Buy
Current Market Cap: C$110.6M
For an in-depth examination of FURY stock, go to TipRanks’ Overview page.