Klondex Mines Ltd (KLDX) Shares Gap Up to $3.43
Klondex Mines Ltd (NASDAQ:KLDX) gapped up prior to trading on Friday . The stock had previously closed at $3.31, but opened at $3.43. Klondex Mines shares last traded at $3.56, with a volume of 3,708,758 shares trading hands.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Klondex Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 30th. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of Klondex Mines in a research note on Sunday, June 25th.
The stock has a 50-day moving average of $3.24 and a 200 day moving average of $3.60. The stock has a market cap of $632.18 million and a P/E ratio of 84.76.
In other news, Director Blair Albert Schultz acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average price of $3.17 per share, for a total transaction of $79,250.00. Following the completion of the acquisition, the director now owns 113,333 shares in the company, valued at $359,265.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank lifted its position in shares of Klondex Mines by 423.5% in the second quarter. Toronto Dominion Bank now owns 220,900 shares of the company’s stock worth $745,000 after purchasing an additional 178,700 shares in the last quarter. U S Global Investors Inc. increased its holdings in Klondex Mines by 5.6% during the second quarter. U S Global Investors Inc. now owns 11,100,000 shares of the company’s stock worth $35,159,000 after buying an additional 592,400 shares during the last quarter. California State Teachers Retirement System acquired a new position in Klondex Mines during the second quarter worth $1,050,000. Bank of Nova Scotia increased its holdings in Klondex Mines by 142.0% during the second quarter. Bank of Nova Scotia now owns 49,280 shares of the company’s stock worth $166,000 after buying an additional 28,914 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Klondex Mines by 74.9% during the second quarter. The Manufacturers Life Insurance Company now owns 290,686 shares of the company’s stock worth $979,000 after buying an additional 124,454 shares during the last quarter.
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About Klondex Mines
Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.
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