Despite Temporary Halt At Eau Claire, Analyst Sees Exploration Opportunities For Fury Gold Mines
Portfolio Pulse from Nabaparna Bhattacharya
H.C. Wainwright analyst Heiko F. Ihle reiterates a Buy rating on Fury Gold Mines Limited (AMEX:FURY), reducing the price target to $1.40 from $1.50. The company announced a temporary halt to exploration work at Eau Claire on June 5, but Ihle expects a return to work in the short term. The analyst also updated the price deck for gold and silver, representing price increases of 9% and 32%, respectively.
June 26, 2023 | 6:22 pm
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H.C. Wainwright analyst maintains Buy rating on Fury Gold Mines (FURY) despite temporary halt at Eau Claire, reduces price target to $1.40.
The analyst maintains a Buy rating on FURY despite the temporary halt at Eau Claire, indicating a positive outlook for the company. The reduced price target still represents a significant upside from the current trading price of $0.41. Additionally, the updated price deck for gold and silver shows increased prices, which could positively impact FURY's revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100