Fury Gold Mines (TSE:FURY)
TSX:FURY
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Fury Gold Mines
(TSX:FURY)
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Rating:50Neutral
Price Target:
C$0.82
▼(-4.65% Downside)
Action:Reiterated
Date:05/17/26
The score is held back primarily by weak operating performance (no revenue), negative operating/free cash flow, and earnings quality concerns despite a strong low-debt balance sheet. Technical indicators are broadly neutral with slightly negative momentum, while valuation appears modest on P/E but is less compelling given the underlying cash burn.
Positive Factors
Low leverage / strong balance sheet
A near-zero debt load and sizable equity provide durable financial flexibility for an exploration company. This reduces bankruptcy and refinancing risk, enables funding of drilling or technical studies, and supports negotiating joint ventures or asset sales without urgent leverage-driven pressure over the next several months.
Negative Factors
No revenue / weak operating profit
Absence of revenue and materially negative operating results mean the core business is not yet generating sustainable commercial returns. Over 2-6 months this constrains the firm's ability to self-fund exploration or studies and forces reliance on external financing or asset monetization to progress projects toward development.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A near-zero debt load and sizable equity provide durable financial flexibility for an exploration company. This reduces bankruptcy and refinancing risk, enables funding of drilling or technical studies, and supports negotiating joint ventures or asset sales without urgent leverage-driven pressure over the next several months.
Read all positive factors
Fury Gold Mines (FURY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$155.90M
Dividend YieldN/A
Average Volume (3M)270.37K
Price to Earnings (P/E)2.7
Beta (1Y)1.83
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees9
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.06
Shares Outstanding190,123,860
10 Day Avg. Volume428,780
30 Day Avg. Volume270,367
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)1.35
Price to Sales (P/S)0.00
P/FCF Ratio-7.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.75Price Target Upside219.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.09
Revenue Forecast (FY)N/A
Fury Gold Mines Business Overview & Revenue Model
Company Description
Fury Gold Mines Limited operates as an exploration and development company in Canada. It primarily explores for gold properties. The company's flagship properties include the Eau Claire project that consists of map-designated claims totaling appro...
How the Company Makes Money
Fury Gold Mines primarily aims to generate economic value by (1) advancing its exploration and development-stage gold assets to increase their geological and economic attractiveness and (2) monetizing those assets through potential transactions (s...
Fury Gold Mines Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -218.00K | 0.00 | -443.00K | -491.00K | -435.00K | -440.00K |
| EBITDA | -9.83M | -6.42M | -104.00M | -14.23M | -14.95M | -20.09M |
| Net Income | 11.60M | -6.46M | -108.14M | -17.21M | 24.91M | -16.79M |
Balance Sheet | ||||||
| Total Assets | 123.75M | 108.32M | 85.11M | 189.18M | 200.60M | 167.02M |
| Cash, Cash Equivalents and Short-Term Investments | 72.16M | 31.01M | 9.33M | 8.48M | 10.89M | 3.86M |
| Total Debt | 0.00 | 0.00 | 65.00K | 228.00K | 387.00K | 461.00K |
| Total Liabilities | 7.06M | 7.31M | 6.91M | 6.30M | 5.81M | 9.66M |
| Stockholders Equity | 116.70M | 101.01M | 78.20M | 182.87M | 194.79M | 157.35M |
Cash Flow | ||||||
| Free Cash Flow | -20.57M | -17.24M | -11.14M | -13.06M | -15.29M | -17.36M |
| Operating Cash Flow | -19.96M | -16.66M | -8.07M | -12.47M | -14.01M | -17.27M |
| Investing Cash Flow | 7.69M | 7.74M | 1.40M | 1.86M | 10.44M | -186.00K |
| Financing Cash Flow | 25.27M | 25.23M | 4.28M | 7.62M | 10.63M | 5.36M |
Fury Gold Mines Technical Analysis
Negative
0.86
Price Trends
0.83
Negative
0.90
Negative
0.86
Negative
Market Momentum
>-0.01
Negative
50.08
Neutral
67.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FURY, the sentiment is Negative. The current price of 0.86 is above the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.83, and below the 200-day MA of 0.86, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.08 is Neutral, neither overbought nor oversold. The STOCH value of 67.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FURY.
Fury Gold Mines Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$147.00M | -5.90 | -331.25% | ― | ― | 67.22% | |
50 Neutral | C$155.90M | 2.68 | 12.09% | ― | ― | ― | |
49 Neutral | C$39.22M | -7.03 | -429.83% | ― | ― | 37.82% | |
46 Neutral | C$472.62M | -68.82 | -22.17% | ― | ― | -185.19% | |
42 Neutral | C$42.25M | -157.38 | -756.36% | ― | ― | 13.46% | |
41 Neutral | C$75.20M | -6.18 | ― | ― | ― | -9.28% |
* Basic Materials Sector Average
TSE:FURY
Fury Gold Mines
0.82
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64.00%
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Fury Gold Mines Corporate Events
Business Operations and StrategyExecutive/Board Changes
Fury Gold Mines Taps Veteran Engineer to Drive Eau Claire Project Toward Development
Positive
Apr 7, 2026
Fury Gold Mines has appointed veteran mining engineer Mario Courchesne as Vice President, Project Development, a move aimed at advancing its Eau Claire gold project from exploration toward a full mining operation. Courchesne, who brings more than ...
Business Operations and Strategy
Fury Gold Mines Hits High-Grade Infill at Eau Claire and Launches Phase 2 Drilling
Positive
Mar 17, 2026
Fury Gold Mines reported initial Phase 1 drill results from its 13,000-metre program at the Eau Claire gold project in Quebec’s James Bay region, highlighted by infill hole 26EC-099, which returned 11.74 g/t gold over 6.63 metres in an infer...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.