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

Klondex Mines Ltd (NYSEAMERICAN:KLDX) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.75.

A number of research analysts have weighed in on the stock. HC Wainwright reissued a “buy” rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Canaccord Genuity raised shares of Klondex Mines from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. 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. TheStreet lowered shares of Klondex Mines from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Finally, Roth Capital assumed coverage on shares of Klondex Mines in a research report on Wednesday, October 4th. They set a “buy” rating and a $5.25 price target on the stock.

Klondex Mines (NYSEAMERICAN KLDX) opened at $2.55 on Thursday. Klondex Mines has a 12 month low of $2.16 and a 12 month high of $5.91. The firm has a market cap of $488.53, a P/E ratio of -42.50 and a beta of 0.04.

Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC raised its position in Klondex Mines by 164.8% in the third quarter. Virtu Financial LLC now owns 42,504 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 26,451 shares during the period. Cubist Systematic Strategies LLC raised its position in Klondex Mines by 141.1% in 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 period. U S Global Investors Inc. raised its position in Klondex Mines by 0.6% in 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 period. Jane Street Group LLC raised its position in Klondex Mines by 1,365.7% in the third quarter. Jane Street Group LLC now owns 255,192 shares of the basic materials company’s stock valued at $929,000 after purchasing an additional 237,781 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position in Klondex Mines by 54.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 330,687 shares of the basic materials company’s stock valued at $1,204,000 after purchasing an additional 115,944 shares during the period.

COPYRIGHT VIOLATION WARNING: “Klondex Mines Ltd (KLDX) Receives Consensus Rating of “Hold” from Analysts” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/04/klondex-mines-ltd-kldx-receives-consensus-rating-of-hold-from-analysts.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.

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