Klondex Mines (KLDX) Trading Up 7.2%
Shares of Klondex Mines Ltd (NYSEAMERICAN:KLDX) were up 7.2% during trading on Monday . The stock traded as high as $2.40 and last traded at $2.37. Approximately 1,677,894 shares changed hands during trading, an increase of 34% from the average daily volume of 1,252,664 shares. The stock had previously closed at $2.21.
A number of equities analysts have recently issued reports on the company. HC Wainwright reissued a “buy” rating and set a $6.25 target price on shares of Klondex Mines in a research note on Friday, October 20th. Roth Capital reissued a “buy” rating and set a $5.25 target price on shares of Klondex Mines in a research note on Wednesday, October 4th. Canaccord Genuity raised Klondex Mines from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. TheStreet downgraded Klondex Mines from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Finally, BidaskClub raised Klondex Mines from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 6th. Two investment 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC acquired a new stake in Klondex Mines during the 2nd quarter valued at $1,588,000. Bank of New York Mellon Corp acquired a new stake in Klondex Mines during the 2nd quarter valued at $1,740,000. CIBC Asset Management Inc grew its holdings in Klondex Mines by 0.7% during the 2nd quarter. CIBC Asset Management Inc now owns 61,996 shares of the basic materials company’s stock valued at $209,000 after buying an additional 446 shares during the last quarter. Swiss National Bank grew its holdings in Klondex Mines by 16.8% during the 2nd quarter. Swiss National Bank now owns 292,881 shares of the basic materials company’s stock valued at $987,000 after buying an additional 42,100 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in Klondex Mines during the 2nd quarter valued at $723,000.
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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