Roth Capital Analysts Give Klondex Mines (KLDX) a $4.00 Price Target

Roth Capital set a $4.00 target price on Klondex Mines (NYSEAMERICAN:KLDX) in a report released on Wednesday morning. The firm currently has a buy rating on the basic materials company’s stock.

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

Klondex Mines (KLDX) opened at $2.13 on Wednesday. Klondex Mines has a one year low of $1.61 and a one year high of $5.91. The stock has a market cap of $380.77, a P/E ratio of -35.50 and a beta of 0.03.

Institutional investors and hedge funds have recently made changes to their positions in the business. U S Global Investors Inc. raised its holdings in shares of Klondex Mines by 0.6% in the third quarter. U S Global Investors Inc. now owns 11,168,833 shares of the basic materials company’s stock worth $39,942,000 after buying an additional 68,833 shares during the last quarter. Formula Growth Ltd. purchased a new position in shares of Klondex Mines in the second quarter worth $23,468,000. State Street Corp purchased a new position in shares of Klondex Mines in the second quarter worth $10,076,000. Global X MANAGEMENT CO LLC raised its holdings in shares of Klondex Mines by 7.3% in the third quarter. Global X MANAGEMENT CO LLC now owns 2,489,193 shares of the basic materials company’s stock worth $9,056,000 after buying an additional 168,363 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Klondex Mines by 6,814.4% in the second quarter. Northern Trust Corp now owns 1,550,405 shares of the basic materials company’s stock worth $5,225,000 after buying an additional 1,527,982 shares during the last quarter.

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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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