Fury Gold Mines Upsizes Private Placement to C$3.08 Million

The latest announcement is out from Fury Gold Mines ( (TSE:FURY) ).

On June 6, 2025, Fury Gold Mines Limited announced an increase in its proposed private placement offering from C$2.5 million to C$3.08 million. The company plans to issue 4 million flow-through common shares to accredited and institutional investors in Canada, with the offering expected to close around June 19, 2025. This move could strengthen Fury’s financial position and support its exploration activities, subject to necessary approvals.

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 exploration company focused on Canada, operating in two prolific mining regions. The company holds a significant share position in Dolly Varden Silver Corp and aims to expand its gold platform through strategic project evaluation and exploration. Fury is committed to high standards in corporate governance, environmental stewardship, community engagement, and sustainable mining.

Average Trading Volume: 63,936

Technical Sentiment Signal: Buy

Current Market Cap: C$104.2M

For an in-depth examination of FURY stock, go to TipRanks’ Stock Analysis page.