Fury Gold Mines (FURY) AI Stock Analysis

• Market Cap: $80.17M
• Dividend Yield: N/A
• Average Volume (3M): 51.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: N/A
• EPS Growth: -501.01%
• Country: CA
• Employees: 9
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 160,332,350
• 10 Day Avg. Volume: 60,257
• 30 Day Avg. Volume: 51,712
• PEG Ratio: <0.01
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $1.67
• Price Target Upside: 233.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

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.

Positive Factors

Acquisition

Fury Gold Mines entered into an agreement with Quebec Precious Metals to acquire all outstanding shares, providing for future growth.

Drilling Program

The firm’s 2025 drill program is likely to generate additional discoveries, especially given structural similarities to the Éléonore Mine and its six high-priority targets.

Exploration

Adding QPM’s asset base provides Fury with increased scale, diversification, and drill-ready targets.

Negative Factors

Inflation

The revised estimates account for the ongoing inflationary environment, continued investment in safe-haven assets, and recessionary concerns, with precious metals potentially gaining further support if interest rates continue their recent trends.

Fury Gold Mines Business Overview & Revenue Model

Company Description

Fury Gold Mines (FURY) is a Canadian-focused exploration and development company positioned in the mining sector. It is engaged in the acquisition, exploration, and development of mineral resource properties in Canada. The company's core focus is on advancing its gold projects in Quebec and Nunavut, where it aims to expand its existing gold resources and advance high-quality projects through exploration and strategic acquisitions.

How the Company Makes Money

Fury Gold Mines generates revenue primarily through the exploration and development of its gold mining properties. The company's key revenue streams involve the discovery and extraction of gold, which is then sold in the commodity markets. While Fury Gold Mines is primarily in the exploration stage and does not generate significant revenue from production, it raises funds through equity financing and strategic partnerships to finance its exploration activities. The eventual commercialization of its mineral resources, once proven viable, will provide substantial revenue opportunities through gold sales. Additionally, the company may engage in joint ventures or partnerships with other mining companies to leverage expertise and share the financial burden of developing large-scale mining operations.

Fury Gold Mines Financial Statement Overview

Summary

Fury Gold Mines is facing significant financial challenges with no revenue generation and substantial losses impacting profitability metrics. While the balance sheet reflects financial stability due to high equity and low debt, the cash flow statement reveals ongoing cash burn. The company needs to address revenue generation and operational efficiencies to enhance its financial health.

Income Statement

Fury Gold Mines shows no revenue generation, leading to negative margins across the board. The gross profit margin is negative due to operational costs without revenue. The net profit margin is also deeply negative, indicating persistent losses. EBIT and EBITDA margins reflect substantial operational inefficiencies. Revenue growth is not applicable as there is no revenue reported.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 91.9% TTM, showing high financial stability. The debt-to-equity ratio is low, indicating limited reliance on debt. However, the high level of negative net income impacts the return on equity, making it unfavorable.

Cash Flow

Operating cash flow remains negative, reflecting cash outflows exceeding inflows from core operations. Free cash flow is also negative, indicating ongoing cash burn. The free cash flow to net income ratio is not meaningful due to negative net income. However, a positive operating cash flow to net income ratio suggests some efficiency in converting net income to cash.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-443.00K	-491.00K	-435.00K	-440.00K	-286.00K
	EBIT
-10.52M	-14.57M	-17.90M	-19.29M	-10.79M
	EBITDA
-104.00M	-14.36M	-14.95M	-20.09M	-10.22M
	Net Income Common Stockholders
-108.14M	-17.21M	24.91M	-16.79M	-14.25M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.33M	8.48M	10.89M	3.86M	18.04M
	Total Assets
85.11M	189.18M	200.60M	167.02M	182.05M
	Total Debt
65.00K	228.00K	387.00K	461.00K	248.00K
	Net Debt
-4.85M	-7.08M	-9.92M	-2.80M	-15.11M
	Total Liabilities
6.91M	6.30M	5.81M	9.66M	15.78M
	Stockholders Equity
78.20M	182.87M	194.79M	157.35M	166.27M
Cash Flow		Free Cash Flow
-11.14M	-13.06M	-15.29M	-17.36M	-25.31M
	Operating Cash Flow
-8.07M	-12.47M	-14.01M	-17.27M	-12.53M
	Investing Cash Flow
1.40M	1.86M	10.44M	-186.00K	-16.73M
	Financing Cash Flow
4.28M	7.62M	10.63M	5.36M	43.96M

Fury Gold Mines Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.5 is below the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.54, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.48 is Neutral, neither overbought nor oversold. The STOCH value of 13.10 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AEM	78 Outperform	$75.23B	22.60	11.45%	1.47%	32.68%	419.46%
BTO	68 Neutral	$5.44B	―	-17.61%	4.61%	5.97%	-1677.31%
Sector *	50 Neutral	$1.98B	-1.08	-21.29%	3.61%	1.96%	-30.59%
SEA	46 Neutral	$1.60B	―	-1.46%	―	―	1.89%
FURY	40 Underperform	$80.17M	―	-84.30%	―	―	-501.01%

Fury Gold Mines Corporate Events

Fury Gold Mines Expands Quebec Portfolio with QPM Acquisition

Fury Gold Mines Limited has successfully completed its acquisition of Quebec Precious Metals Corporation, expanding its exploration portfolio in Quebec to over 157,000 hectares. This strategic acquisition is expected to enhance Fury’s operational efficiency and unlock long-term value for shareholders by integrating QPM’s high-potential gold and critical mineral assets with Fury’s existing resources. The transaction is seen as transformative, doubling Fury’s footprint in the Eeyou Istchee James Bay territory and positioning the company for significant growth in the supportive gold market.

Spark’s Take on TSE:FURY Stock

According to Spark, TipRanks’ AI Analyst, TSE:FURY is a Neutral.

Fury Gold Mines faces significant financial challenges with no revenue and ongoing cash burn impacting profitability, reflected in a low financial performance score. Technical analysis shows no clear momentum, and valuation metrics are unattractive due to a negative P/E ratio. The acquisition of Quebec Precious Metals is a positive corporate event but its future impact remains uncertain.

To see Spark’s full report on TSE:FURY stock, click here.

Fury Gold Mines to Acquire Quebec Precious Metals Following Shareholder Approval

Fury Gold Mines Limited has announced the approval of a plan of arrangement to acquire all outstanding shares of Quebec Precious Metals Corporation (QPM), following a favorable vote from QPM shareholders. This acquisition, which involves exchanging QPM shares for Fury Gold shares, is expected to enhance Fury’s market position by integrating QPM’s assets, including its projects in the Eeyou Istchee James Bay territory, Quebec. The arrangement is pending final court approval and is anticipated to be completed by the end of April 2025, after which QPM shares will be delisted from relevant exchanges.

Spark’s Take on TSE:FURY Stock

According to Spark, TipRanks’ AI Analyst, TSE:FURY is a Underperform.

Fury Gold Mines is under significant financial strain, with no revenue and substantial losses impacting profitability. While the balance sheet shows financial stability, the ongoing cash burn raises concerns. Technical indicators suggest a lack of clear momentum, and the negative P/E ratio highlights valuation challenges. Overall, the stock faces several risks that overshadow its strengths.

To see Spark’s full report on TSE:FURY stock, click here.