Klondex Mines Ltd (KLDX) Given a $6.00 Price Target by HC Wainwright Analysts
Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of Klondex Mines from a hold rating to a sell rating in a report on Thursday, August 24th. Canaccord Genuity upgraded shares of Klondex Mines from a hold rating to a buy rating in a report on Monday, September 18th. TheStreet lowered shares of Klondex Mines from a c rating to a d+ rating in a report on Friday, November 10th. Zacks Investment Research lowered shares of Klondex Mines from a buy rating to a hold rating in a report on Saturday, July 29th. Finally, Roth Capital initiated 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. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Klondex Mines presently has a consensus rating of Hold and a consensus target price of $5.00.
Shares of Klondex Mines (KLDX) remained flat at $$2.55 during midday trading on Friday. 1,230,000 shares of the company were exchanged, compared to its average volume of 1,130,000. Klondex Mines has a twelve month low of $2.16 and a twelve month high of $5.91.
In other news, Director Blair Albert Schultz bought 25,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were bought at an average cost 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 approximately $359,265.61. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders acquired 36,000 shares of company stock worth $103,890.
Several hedge funds have recently modified their holdings of KLDX. Virtu Financial LLC increased its position in shares of Klondex Mines by 164.8% during the third quarter. Virtu Financial LLC now owns 42,504 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 26,451 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of Klondex Mines during the second quarter worth $136,000. Legal & General Group Plc bought a new stake in shares of Klondex Mines during the second quarter worth $157,000. Cubist Systematic Strategies LLC bought a new stake in shares of Klondex Mines during the second quarter worth $162,000. Finally, Bank of Nova Scotia increased its position in shares of Klondex Mines by 142.0% during the second quarter. Bank of Nova Scotia now owns 49,280 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 28,914 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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