Klondex Mines Ltd (KLDX) Given Average Recommendation of “Hold” by Analysts
Shares of Klondex Mines Ltd (NASDAQ:KLDX) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.25.
KLDX has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Klondex Mines from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research note on Friday, July 21st. HC Wainwright reissued a “buy” rating and set a $6.25 target price on shares of Klondex Mines in a research note on Thursday, August 10th.
In other news, Director Blair Albert Schultz bought 25,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were bought at an average cost of $3.17 per share, with a total value of $79,250.00. Following the purchase, the director now directly owns 113,333 shares in the company, valued at $359,265.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
A number of large investors have recently made changes to their positions in KLDX. CIBC Asset Management Inc grew its holdings in shares of Klondex Mines by 0.7% during the 2nd quarter. CIBC Asset Management Inc now owns 61,996 shares of the company’s stock valued at $209,000 after acquiring an additional 446 shares in the last quarter. AGF Investments Inc. grew its holdings in shares of Klondex Mines by 3.5% during the 1st quarter. AGF Investments Inc. now owns 274,800 shares of the company’s stock valued at $1,071,000 after acquiring an additional 9,200 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Klondex Mines by 31.1% during the 1st quarter. Toronto Dominion Bank now owns 42,200 shares of the company’s stock valued at $165,000 after acquiring an additional 10,000 shares in the last quarter. Swiss National Bank grew its holdings in shares of Klondex Mines by 6.9% during the 1st quarter. Swiss National Bank now owns 250,781 shares of the company’s stock valued at $979,000 after acquiring an additional 16,200 shares in the last quarter. Finally, CIBC World Markets Inc. grew its holdings in shares of Klondex Mines by 10.5% during the 2nd quarter. CIBC World Markets Inc. now owns 212,183 shares of the company’s stock valued at $715,000 after acquiring an additional 20,147 shares in the last quarter.
Shares of Klondex Mines (NASDAQ:KLDX) opened at 3.39 on Friday. The stock’s 50 day moving average price is $3.22 and its 200 day moving average price is $3.67. Klondex Mines has a 12-month low of $2.81 and a 12-month high of $6.03. The firm has a market cap of $601.99 million and a PE ratio of 80.71.
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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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