Roth Capital downgraded shares of Klondex Mines (NYSEAMERICAN:KLDX) from a buy rating to a hold rating in a research note issued to investors on Monday morning. Roth Capital currently has $2.00 target price on the basic materials company’s stock, down from their previous target price of $3.00.
KLDX has been the subject of several other research reports. Clarus Securities reiterated a speculative buy rating on shares of Klondex Mines in a research note on Friday, March 16th. Canaccord Genuity cut shares of Klondex Mines from a buy rating to a hold rating in a research note on Wednesday, February 7th. Royal Bank of Canada cut shares of Klondex Mines from an outperform rating to a sector perform rating in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of Klondex Mines from a hold rating to a strong sell rating in a research note on Wednesday, December 20th. Finally, HC Wainwright reaffirmed a buy rating and set a $6.25 price objective on shares of Klondex Mines in a research note on Tuesday, December 26th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and an average target price of $2.82.
Klondex Mines stock opened at $1.44 on Monday. The firm has a market cap of $249.66, a PE ratio of -24.00 and a beta of 0.29. Klondex Mines has a 12 month low of $1.29 and a 12 month high of $5.17.
In other news, insider Mining Parallel Fund Waterton acquired 164,734 shares of Klondex Mines stock in a transaction that occurred on Thursday, March 8th. The stock was bought at an average price of $1.37 per share, with a total value of $225,685.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have purchased 3,513,530 shares of company stock valued at $4,835,896.
Institutional investors have recently made changes to their positions in the business. Northpointe Capital LLC bought a new stake in Klondex Mines during the fourth quarter valued at approximately $4,834,000. Cubist Systematic Strategies LLC lifted its position in Klondex Mines by 141.1% during the third quarter. Cubist Systematic Strategies LLC now owns 115,585 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 67,635 shares during the last quarter. Toronto Dominion Bank lifted its position in Klondex Mines by 16.9% during the fourth quarter. Toronto Dominion Bank now owns 266,732 shares of the basic materials company’s stock valued at $694,000 after purchasing an additional 38,603 shares during the last quarter. State Street Corp bought a new stake in Klondex Mines during the second quarter valued at approximately $10,076,000. Finally, U S Global Investors Inc. lifted its position in Klondex Mines by 0.6% during the third 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.
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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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