Klondex Mines’ (KLDX) “Buy” Rating Reiterated at HC Wainwright
KLDX has been the topic of a number of other reports. Zacks Investment Research raised shares of 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. Roth Capital started coverage on shares of Klondex Mines in a report on Wednesday, October 4th. They issued a buy rating and a $5.25 target price on the stock. Finally, Canaccord Genuity raised shares of Klondex Mines from a hold rating to a buy rating in a report on Monday, September 18th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $5.08.
Shares of Klondex Mines (NASDAQ KLDX) traded down $0.21 during trading on Friday, hitting $2.29. 3,484,102 shares of the stock were exchanged, compared to its average volume of 1,040,000. Klondex Mines has a fifty-two week low of $2.25 and a fifty-two week high of $5.91.
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In other Klondex Mines news, Director Blair Albert Schultz bought 25,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average cost of $3.17 per share, with a total value of $79,250.00. Following the acquisition, the director now directly owns 113,333 shares of the company’s stock, valued at approximately $359,265.61. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Institutional investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its stake in Klondex Mines by 54.0% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 330,687 shares of the company’s stock valued at $1,204,000 after buying an additional 115,944 shares during the period. Global X MANAGEMENT CO LLC increased its stake in Klondex Mines by 7.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,489,193 shares of the company’s stock valued at $9,056,000 after buying an additional 168,363 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Klondex Mines by 83.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 66,217 shares of the company’s stock valued at $241,000 after buying an additional 30,040 shares during the period. Toronto Dominion Bank increased its stake in Klondex Mines by 423.5% in the 2nd quarter. Toronto Dominion Bank now owns 220,900 shares of the company’s stock valued at $745,000 after buying an additional 178,700 shares during the period. Finally, U S Global Investors Inc. increased its stake 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 buying an additional 592,400 shares during the period.
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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