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FURY

Fury Gold Mines TSX:FURY Stock Report

Last Price

CA$0.51

Market Cap

CA$71.1m

7D

-10.5%

1Y

-36.3%

Updated

25 Sep, 2022

Data

Company Financials +
FURY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

FURY Stock Overview

Fury Gold Mines Limited operates as an exploration and development company in Canada.

Fury Gold Mines Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fury Gold Mines
Historical stock prices
Current Share PriceCA$0.51
52 Week HighCA$1.09
52 Week LowCA$0.49
Beta0
1 Month Change-7.27%
3 Month Change-27.14%
1 Year Change-36.25%
3 Year Changen/a
5 Year Changen/a
Change since IPO-76.28%

Recent News & Updates

Shareholder Returns

FURYCA Metals and MiningCA Market
7D-10.5%-4.9%-4.8%
1Y-36.3%-15.5%-7.3%

Return vs Industry: FURY underperformed the Canadian Metals and Mining industry which returned -15.5% over the past year.

Return vs Market: FURY underperformed the Canadian Market which returned -7.2% over the past year.

Price Volatility

Is FURY's price volatile compared to industry and market?
FURY volatility
FURY Average Weekly Movement10.2%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: FURY is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: FURY's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200810Tim Clarkhttps://www.furygoldmines.com

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 approximately 23,000 hectares located in the Eeyou Istchee James Bay Region of Northern Quebec; and Committee Bay project, which comprise 57 crown leases and 190 mineral claims in six non-contiguous blocks totaling approximately 297,273 hectares situated in the Kitikmeot Region of Nunavut.

Fury Gold Mines Fundamentals Summary

How do Fury Gold Mines's earnings and revenue compare to its market cap?
FURY fundamental statistics
Market CapCA$71.13m
Earnings (TTM)CA$32.25m
Revenue (TTM)n/a

2.2x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FURY income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other Expenses-CA$32.25m
EarningsCA$32.25m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did FURY perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FURY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FURY?

Other financial metrics that can be useful for relative valuation.

FURY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-3.2x
PEG Ratio-0.02x

Price to Earnings Ratio vs Peers

How does FURY's PE Ratio compare to its peers?

FURY PE Ratio vs Peers
The above table shows the PE ratio for FURY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.3x
CERT Cerrado Gold
16.2xn/aCA$66.0m
FISH Sailfish Royalty
22.7xn/aCA$58.1m
MJS Majestic Gold
4.8xn/aCA$52.1m
DNG Dynacor Group
5.2xn/aCA$108.0m
FURY Fury Gold Mines
2.2x-128.1%CA$71.1m

Price-To-Earnings vs Peers: FURY is good value based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (12.3x).


Price to Earnings Ratio vs Industry

How does FURY's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Earnings vs Industry: FURY is good value based on its Price-To-Earnings Ratio (2.2x) compared to the Canadian Metals and Mining industry average (9.1x)


Price to Earnings Ratio vs Fair Ratio

What is FURY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FURY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.2x
Fair PE Ratio0.4x

Price-To-Earnings vs Fair Ratio: FURY is expensive based on its Price-To-Earnings Ratio (2.2x) compared to the estimated Fair Price-To-Earnings Ratio (0.4x).


Share Price vs Fair Value

What is the Fair Price of FURY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FURY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FURY's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Fury Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-128.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FURY's earnings are forecast to decline over the next 3 years (-128.1% per year).

Earnings vs Market: FURY's earnings are forecast to decline over the next 3 years (-128.1% per year).

High Growth Earnings: FURY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if FURY's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: FURY is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FURY's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Fury Gold Mines performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


41.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FURY has a high level of non-cash earnings.

Growing Profit Margin: FURY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FURY has become profitable over the past 5 years, growing earnings by 41.1% per year.

Accelerating Growth: FURY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FURY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.3%).


Return on Equity

High ROE: FURY's Return on Equity (15.4%) is considered low.


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Financial Health

How is Fury Gold Mines's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FURY's short term assets (CA$13.5M) exceed its short term liabilities (CA$3.8M).

Long Term Liabilities: FURY's short term assets (CA$13.5M) exceed its long term liabilities (CA$3.8M).


Debt to Equity History and Analysis

Debt Level: FURY is debt free.

Reducing Debt: FURY had no debt 5 years ago.

Debt Coverage: FURY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FURY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Fury Gold Mines's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FURY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FURY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FURY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FURY's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FURY has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Tim Clark (54 yo)

1.08yrs

Tenure

CA$969,694

Compensation

Mr. Forrester A. Clark, M.B.A., also known as Tim, serves as an Independent Director at Dolly Varden Silver Corporation since February 25, 2022. He serves as Chief Executive Officer and Director of Fury Go...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD714.83K) is above average for companies of similar size in the Canadian market ($USD179.12K).

Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.


Leadership Team

Experienced Management: FURY's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: FURY's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSX:FURY Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
08 Jun 22BuyCA$38,222Forrester ClarkIndividual50,000CA$0.78
31 May 22BuyCA$6,290Bryan AtkinsonIndividual8,500CA$0.74
21 Apr 22BuyCA$188,891Forrester ClarkIndividual200,000CA$0.96
14 Apr 22BuyCA$158,649Forrester ClarkIndividual175,000CA$0.93
03 Mar 22BuyCA$8,509Forrester ClarkIndividual9,869CA$0.86
02 Feb 22BuyCA$112Forrester ClarkIndividual131CA$0.86
19 Jan 22BuyCA$9,000Ivan BebekIndividual10,000CA$0.90
19 Jan 22BuyCA$13,322Forrester ClarkIndividual15,000CA$0.90
13 Jan 22BuyCA$7,244Ivan BebekIndividual8,232CA$0.88
11 Jan 22BuyCA$8,700Ivan BebekIndividual10,000CA$0.87
07 Jan 22BuyCA$8,243Ivan BebekIndividual10,000CA$0.84
06 Oct 21BuyCA$50,000Michael HoffmanIndividual66,667CA$0.75
06 Oct 21BuyCA$22,500Steven CookIndividual30,000CA$0.75
06 Oct 21BuyCA$22,500Lynsey SherryIndividual30,000CA$0.75

Ownership Breakdown

What is the ownership structure of FURY?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders6,368,3784.6%
Institutions17,659,86612.7%
General Public115,442,70682.8%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.3%.


Top Shareholders

Top 25 shareholders own 17.06% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.17%
FMR LLC
10,000,000CA$5.1m0%no data
2.51%
Ivan Bebek
3,500,000CA$1.8m0%no data
1.56%
Ingalls & Snyder LLC
2,168,906CA$1.1m0%0.04%
1.32%
Konwave AG
1,834,097CA$935.4k0%0.09%
1.04%
Ashford Capital Management Inc
1,450,000CA$739.5k31.82%0.08%
0.66%
Caisse de dépôt et placement du Québec
920,754CA$469.6k0%no data
0.56%
Steven Cook
785,278CA$400.5k0%no data
0.51%
Jeffrey Mason
716,161CA$365.2k0%no data
0.32%
Forrester Clark
450,000CA$229.5k1700%no data
0.32%
Michael Hoffman
448,896CA$228.9k0%no data
0.24%
Michael Henrichsen
336,100CA$171.4k0%no data
0.11%
Perfect Management Services AG
150,000CA$76.5k0%0.6%
0.097%
National Bank Investments Inc.
135,966CA$69.3k0%no data
0.087%
IEQ Capital, LLC
121,455CA$61.9k0%no data
0.086%
Dr. Bost & Compagnon VermÖGensberatungs Gmbh & Co.Kg
120,000CA$61.2k0%0.56%
0.08%
Scotiabank Global Banking and Markets, Asset Management Division
111,818CA$57.0k3.7%no data
0.078%
BMO Asset Management Corp.
108,542CA$55.4k2.87%no data
0.07%
Foresight Wealth Management, LLC
97,000CA$49.5k0%0.01%
0.046%
iW Partners S.A.
64,859CA$33.1k0%0.08%
0.039%
Morgan Stanley, Investment Banking and Brokerage Investments
54,348CA$27.7k15.39%no data
0.039%
Renaissance Technologies LLC
53,724CA$27.4k-84.69%no data
0.034%
Lynsey Sherry
47,000CA$24.0k0%no data
0.033%
UBS Asset Management
46,465CA$23.7k-13.12%no data
0.027%
Alison Williams
37,800CA$19.3k0%no data
0.026%
Millennium Management LLC
35,925CA$18.3k0%no data

Company Information

Fury Gold Mines Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Fury Gold Mines Limited
  • Ticker: FURY
  • Exchange: TSX
  • Founded: 2008
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$71.130m
  • Shares outstanding: 139.47m
  • Website: https://www.furygoldmines.com

Number of Employees


Location

  • Fury Gold Mines Limited
  • 1177 West Hastings Street
  • Suite 1630
  • Vancouver
  • British Columbia
  • V6E 2K3
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FURYTSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 2020
FURYNYSEAM (NYSE MKT LLC)YesCommon SharesUSUSDOct 2020
0UJKLSE (London Stock Exchange)YesCommon SharesGBCADOct 2020
AUN1DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.