Klondex Mines (NYSEAMERICAN:KLDX) has been given a $4.00 price objective by stock analysts at Roth Capital in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price objective would suggest a potential upside of 88.68% from the stock’s previous close.

A number of other research analysts also recently commented on KLDX. Canaccord Genuity upgraded Klondex Mines from a “hold” rating to a “buy” rating in a report on Monday, September 18th. HC Wainwright reiterated a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. BidaskClub downgraded Klondex Mines from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. TheStreet downgraded Klondex Mines from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded Klondex Mines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $4.67.

Klondex Mines (KLDX) opened at $2.12 on Wednesday. Klondex Mines has a 1-year low of $1.61 and a 1-year high of $5.91. The company has a market capitalization of $427.47, a PE ratio of -35.33 and a beta of 0.03.

A number of large investors have recently added to or reduced their stakes in the stock. U S Global Investors Inc. grew its stake in shares of Klondex Mines by 0.6% in the 3rd quarter. U S Global Investors Inc. now owns 11,168,833 shares of the basic materials company’s stock valued at $39,942,000 after purchasing an additional 68,833 shares during the last quarter. Formula Growth Ltd. purchased a new position in shares of Klondex Mines in the 2nd quarter valued at approximately $23,468,000. State Street Corp purchased a new position in shares of Klondex Mines in the 2nd quarter valued at approximately $10,076,000. Global X MANAGEMENT CO LLC grew its stake in shares of Klondex Mines by 7.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,489,193 shares of the basic materials company’s stock valued at $9,056,000 after purchasing an additional 168,363 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Klondex Mines by 6,814.4% in the 2nd quarter. Northern Trust Corp now owns 1,550,405 shares of the basic materials company’s stock valued at $5,225,000 after purchasing an additional 1,527,982 shares during the last quarter.

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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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