Fury Gold Mines (FURY, Financial) recently finalized a private placement involving the issuance of 3,999,701 common shares, classified as "flow-through shares" under the Income Tax Act, each priced at C$0.77. This move generated C$3,079,800 in gross proceeds. Additionally, Agnico Eagle Mines exercised its right to participate, purchasing 440,000 common shares at C$0.67 each, resulting in C$294,800 more in gross proceeds. Unlike the main offering, these particular shares do not qualify as "flow-through shares." Overall, the private placement and associated offering brought in a total of C$3,374,600. Fury Gold Mines intends to use these funds to further its Committee Bay exploration initiatives.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Fury Gold Mines Ltd (FURY, Financial) is $1.41 with a high estimate of $1.41 and a low estimate of $1.41. The average target implies an upside of 181.54% from the current price of $0.50. More detailed estimate data can be found on the Fury Gold Mines Ltd (FURY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Fury Gold Mines Ltd's (FURY, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
