Klondex Mines Ltd (KLDX) Receives Consensus Rating of “Hold” from Brokerages

Shares of Klondex Mines Ltd (NYSEAMERICAN:KLDX) have received a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $2.70.

A number of equities research analysts have issued reports on the stock. HC Wainwright reissued a “buy” rating and set a $6.25 target price on shares of Klondex Mines in a research note on Tuesday, December 26th. Zacks Investment Research lowered shares of Klondex Mines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Roth Capital set a $4.00 target price on shares of Klondex Mines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Royal Bank of Canada lowered shares of Klondex Mines from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 7th. Finally, Canaccord Genuity lowered shares of Klondex Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th.

How to Become a New Pot Stock Millionaire

Shares of NYSEAMERICAN:KLDX opened at $2.41 on Friday. Klondex Mines has a 12-month low of $1.29 and a 12-month high of $3.89.

Klondex Mines (NYSEAMERICAN:KLDX) last issued its earnings results on Wednesday, March 14th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $63.30 million for the quarter, compared to analyst estimates of $69.75 million.

In other Klondex Mines news, insider Mining Parallel Fund Waterton acquired 3,143,123 shares of Klondex Mines stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average price of $1.37 per share, with a total value of $4,306,078.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders purchased 3,513,530 shares of company stock valued at $4,835,896.

Several hedge funds have recently added to or reduced their stakes in the stock. Northpointe Capital LLC bought a new position in Klondex Mines in the 4th quarter worth $4,834,000. Goldman Sachs Group Inc. raised its holdings in Klondex Mines by 1,114.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,092,438 shares of the basic materials company’s stock worth $2,851,000 after acquiring an additional 1,002,499 shares during the period. Vanguard Group Inc. raised its holdings in Klondex Mines by 1,063.3% in the 2nd quarter. Vanguard Group Inc. now owns 469,352 shares of the basic materials company’s stock worth $1,581,000 after acquiring an additional 429,005 shares during the period. Paloma Partners Management Co bought a new position in Klondex Mines in the 4th quarter worth $562,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Klondex Mines by 70.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 484,794 shares of the basic materials company’s stock worth $1,265,000 after acquiring an additional 200,355 shares during the period.

TRADEMARK VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/14/klondex-mines-ltd-kldx-receives-consensus-rating-of-hold-from-brokerages.html.

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.

Analyst Recommendations for Klondex Mines (NYSEAMERICAN:KLDX)

Receive News & Ratings for Klondex Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klondex Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply