Klondex Mines Ltd (KLDX) Upgraded by Canaccord Genuity to “Buy”
KLDX has been the topic of a number of other research reports. Zacks Investment Research raised Klondex Mines from a hold rating to a buy rating and set a $3.75 target price on the stock in a report on Friday, July 21st. HC Wainwright reissued a buy rating and issued a $6.00 target price on shares of Klondex Mines in a report on Sunday, June 25th.
Shares of Klondex Mines (NASDAQ KLDX) opened at 3.52 on Monday. Klondex Mines has a 52 week low of $2.81 and a 52 week high of $6.03. The stock’s 50 day moving average is $3.25 and its 200-day moving average is $3.56. The firm has a market cap of $625.08 million and a PE ratio of 83.81.
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In related news, Director Blair Albert Schultz bought 25,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average price of $3.17 per share, with a total value of $79,250.00. Following the completion of the acquisition, the director now owns 113,333 shares in the company, valued at approximately $359,265.61. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Hedge funds have recently made changes to their positions in the stock. MAVEN SECURITIES Ltd acquired a new position in Klondex Mines during the first quarter worth $101,000. Gamco Investors INC. ET AL acquired a new position in Klondex Mines during the first quarter worth $121,000. Parametric Portfolio Associates LLC acquired a new position in Klondex Mines during the second quarter worth $136,000. Legal & General Group Plc acquired a new position in Klondex Mines during the second quarter worth $157,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Klondex Mines during the second quarter worth $162,000.
Klondex Mines Company Profile
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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