TIAA CREF Investment Management LLC cut its stake in Klondex Mines (NYSEAMERICAN:KLDX) by 7.1% in the fourth quarter, Holdings Channel reports. The fund owned 430,266 shares of the basic materials company’s stock after selling 32,686 shares during the period. TIAA CREF Investment Management LLC’s holdings in Klondex Mines were worth $1,123,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Northpointe Capital LLC purchased a new position in shares of Klondex Mines during the 4th quarter worth $4,834,000. Goldman Sachs Group Inc. grew its holdings in shares of Klondex Mines by 1,114.6% during 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 purchasing an additional 1,002,499 shares during the period. Paloma Partners Management Co purchased a new position in shares of Klondex Mines during the 4th quarter worth $562,000. The Manufacturers Life Insurance Company grew its holdings in shares of Klondex Mines by 70.4% during 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 purchasing an additional 200,355 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Klondex Mines during the 4th quarter worth $392,000.
KLDX stock opened at $2.48 on Tuesday. Klondex Mines has a 1 year low of $1.29 and a 1 year high of $3.89.
Klondex Mines (NYSEAMERICAN:KLDX) last posted its quarterly earnings results on Thursday, May 3rd. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $56.80 million during the quarter, compared to the consensus estimate of $76.62 million. The company’s revenue for the quarter was up 36.2% on a year-over-year basis.
In related news, insider Mining Parallel Fund Waterton purchased 164,734 shares of Klondex Mines stock in a transaction on Thursday, March 8th. The shares were bought at an average price of $1.37 per share, with a total value of $225,685.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 3,513,530 shares of company stock worth $4,835,896 in the last ninety days.
KLDX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Klondex Mines from a “sell” rating to a “hold” rating in a report on Tuesday, April 3rd. Clarus Securities restated a “speculative buy” rating on shares of Klondex Mines in a report on Friday, March 16th. HC Wainwright cut Klondex Mines from a “buy” rating to a “neutral” rating and set a $2.70 target price for the company. in a report on Tuesday, March 20th. Roth Capital cut Klondex Mines from a “buy” rating to a “hold” rating and lowered their target price for the company from $3.00 to $2.00 in a report on Monday, March 19th. Finally, Canaccord Genuity cut Klondex Mines from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Klondex Mines currently has a consensus rating of “Hold” and a consensus price target of $2.82.
Klondex Mines Profile
Klondex Mines Ltd., together with its subsidiaries, acquires, explores, develops, and produces mineral properties in the United States and Canada. It primarily explores for gold and silver deposits. The company holds 100% interests in the Fire Creek mine covering approximately 19,000 acres located in Lander County; the Midas mine and ore milling facility covering approximately 30,000 acres situated in Elko County; and the Hollister mine approximately 18,000 acres located in Elko County.
Want to see what other hedge funds are holding KLDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.