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

Klondex Mines (NYSEAMERICAN:KLDX) has been given a $4.00 target price by Roth Capital in a research report issued to clients and investors on Wednesday, January 10th. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s target price would suggest a potential upside of 79.37% from the stock’s current price.

Several other research firms also recently issued reports on KLDX. HC Wainwright reiterated a “buy” rating and issued a $6.25 price objective on shares of Klondex Mines in a report on Tuesday, December 26th. Zacks Investment Research cut Klondex Mines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. TheStreet cut Klondex Mines from a “c” rating to a “d+” rating in a research note on Friday, November 10th. BidaskClub cut Klondex Mines from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 21st. Finally, Canaccord Genuity raised Klondex Mines from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Klondex Mines currently has an average rating of “Hold” and an average price target of $4.67.

Klondex Mines (NYSEAMERICAN:KLDX) opened at $2.23 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 $398.73, a P/E ratio of -37.17 and a beta of 0.03.

Klondex Mines (NYSEAMERICAN:KLDX) last announced its quarterly earnings data on Thursday, November 9th. The basic materials company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). The company had revenue of $48.90 million during the quarter, compared to analysts’ expectations of $64.08 million. The company’s quarterly revenue was down 12.1% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the company. U S Global Investors Inc. lifted its holdings 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 stake in Klondex Mines during the 2nd quarter valued at approximately $23,468,000. State Street Corp purchased a new stake in Klondex Mines during the 2nd quarter valued at approximately $10,076,000. Global X MANAGEMENT CO LLC raised its stake in Klondex Mines by 7.3% during 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 acquiring an additional 168,363 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Klondex Mines by 6,814.4% during 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 acquiring 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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