Analysts at Roth Capital began coverage on shares of Klondex Mines Ltd (NASDAQ:KLDX) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating and a $5.25 price target on the stock. Roth Capital’s price target would indicate a potential upside of 41.13% from the company’s current price.

KLDX has been the subject of several other research reports. Zacks Investment Research upgraded shares of Klondex Mines from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research note on Friday, July 21st. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Klondex Mines in a research note on Sunday, June 25th. Finally, Canaccord Genuity raised shares of Klondex Mines from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $5.08.

Klondex Mines (NASDAQ:KLDX) traded up 0.672% during mid-day trading on Wednesday, hitting $3.745. The company’s stock had a trading volume of 1,333,378 shares. The firm’s market cap is $664.03 million. Klondex Mines has a 52-week low of $2.81 and a 52-week high of $5.94. The firm has a 50 day moving average of $3.45 and a 200-day moving average of $3.46.

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In other Klondex Mines news, Director Blair Albert Schultz acquired 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average cost of $3.17 per share, with a total value of $79,250.00. Following the acquisition, the director now owns 113,333 shares in the company, valued at $359,265.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A number of large investors have recently made changes to their positions in the business. Sentry Investments Corp. boosted its holdings in Klondex Mines by 2.5% in the 2nd quarter. Sentry Investments Corp. now owns 13,228,900 shares of the company’s stock valued at $57,810,000 after purchasing an additional 328,900 shares during the period. U S Global Investors Inc. boosted its holdings in Klondex Mines by 5.6% in the 2nd quarter. U S Global Investors Inc. now owns 11,100,000 shares of the company’s stock valued at $35,159,000 after purchasing an additional 592,400 shares during the period. U S Global Investors Inc boosted its holdings in Klondex Mines by 104,976.0% in the 1st quarter. U S Global Investors Inc now owns 10,507,600 shares of the company’s stock valued at $40,851,765,000 after purchasing an additional 10,497,600 shares during the period. Formula Growth Ltd. purchased a new stake in shares of Klondex Mines during the 2nd quarter valued at $23,468,000. Finally, Wellington Management Group LLP raised its position in shares of Klondex Mines by 129.1% during the 1st quarter. Wellington Management Group LLP now owns 4,087,254 shares of the company’s stock valued at $15,905,000 after buying an additional 2,302,918 shares in the last quarter.

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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