Klondex Mines Ltd (NYSEMKT:KLDX) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on KLDX. Roth Capital reissued a “buy” rating and set a $5.25 price target on shares of Klondex Mines in a research report on Wednesday, October 4th. HC Wainwright reaffirmed a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. Finally, ValuEngine cut shares of Klondex Mines from a “hold” rating to a “sell” rating in a report on Thursday, August 24th.

Shares of Klondex Mines (KLDX) opened at 3.22 on Friday. Klondex Mines has a 52-week low of $2.81 and a 52-week high of $5.94. The stock’s 50 day moving average is $3.59 and its 200 day moving average is $3.42. The company has a market capitalization of $571.80 million and a P/E ratio of 76.67.

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About Klondex Mines

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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