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An update from Fury Gold Mines ( (TSE:FURY) ) is now available.
On June 16, 2025, Fury Gold Mines announced the finalization of drill targets at its newly acquired Sakami Gold Project in Northern Quebec. The first phase of drilling, set to begin in late June 2025, will cover 3,000 to 5,000 meters and aims to discover new gold deposits, confirm historical mineralized intercepts, and extend high-grade corridors. This initiative follows Fury’s acquisition of Quebec Precious Metals and highlights the company’s strategic efforts to enhance its gold resource base and exploration potential. Additionally, Fury completed a first phase of drilling at the Éléonore South Project in Spring 2025, identifying promising geological settings similar to the nearby Éléonore Mine, which suggests potential for future gold 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 operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in identifying and developing gold mining projects, with a market focus on expanding its gold resources and advancing its exploration projects.
YTD Price Performance: 32.73%
Average Trading Volume: 72,119
Technical Sentiment Signal: Buy
Current Market Cap: C$117M
See more insights into FURY stock on TipRanks’ Stock Analysis page.