Klondex Mines Ltd (NYSEAMERICAN:KLDX) shot up 6.3% during mid-day trading on Friday . The company traded as high as $1.55 and last traded at $1.52. 1,000,496 shares were traded during trading, a decline of 26% from the average session volume of 1,358,722 shares. The stock had previously closed at $1.43.
A number of research firms have issued reports on KLDX. Royal Bank of Canada cut shares of Klondex Mines from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 7th. Canaccord Genuity cut shares of Klondex Mines from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Roth Capital set a $4.00 price target on shares of Klondex Mines and gave the company a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research cut shares of Klondex Mines from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. Finally, TheStreet cut shares of Klondex Mines from a “c” rating to a “d+” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Klondex Mines currently has an average rating of “Hold” and a consensus target price of $4.67.
The stock has a market cap of $256.84, a PE ratio of -25.33 and a beta of -0.16.
Large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Klondex Mines during the fourth quarter worth approximately $146,000. Millennium Management LLC acquired a new stake in shares of Klondex Mines during the fourth quarter worth approximately $269,000. Paloma Partners Management Co acquired a new stake in shares of Klondex Mines during the fourth quarter worth approximately $562,000. Goldman Sachs Group Inc. increased its holdings in shares of Klondex Mines by 1,114.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,092,438 shares of the basic materials company’s stock worth $2,851,000 after buying an additional 1,002,499 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Klondex Mines during the fourth quarter worth approximately $251,000.
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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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