Klondex Mines Ltd (KLDX) Given Average Recommendation of “Hold” by Analysts

Klondex Mines Ltd (NYSEAMERICAN:KLDX) has been given an average rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.13.

Several analysts recently weighed in on the company. Roth Capital reissued a “buy” rating and issued a $5.25 price objective on shares of Klondex Mines in a report on Wednesday, October 4th. HC Wainwright reissued a “buy” rating and issued a $6.25 price objective on shares of Klondex Mines in a report on Friday, October 20th. BidaskClub lowered Klondex Mines from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Zacks Investment Research lowered Klondex Mines from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. Finally, TheStreet lowered Klondex Mines from a “c” rating to a “d+” rating in a report on Friday, November 10th.

Shares of Klondex Mines (NYSEAMERICAN:KLDX) opened at $2.27 on Monday. Klondex Mines has a 52-week low of $1.61 and a 52-week high of $5.91. The stock has a market capitalization of $396.93, a PE ratio of -37.83 and a beta of 0.03.

Klondex Mines (NYSEAMERICAN:KLDX) last announced its earnings results on Thursday, November 9th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). The firm had revenue of $48.90 million during the quarter, compared to analyst estimates of $64.08 million. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year.

Several large investors have recently bought and sold shares of KLDX. State Street Corp bought a new position in shares of Klondex Mines during the second quarter valued at approximately $10,076,000. Northpointe Capital LLC bought a new position in shares of Klondex Mines during the fourth quarter valued at approximately $4,834,000. Northern Trust Corp grew its holdings in shares of Klondex Mines by 6,814.4% during the second quarter. Northern Trust Corp now owns 1,550,405 shares of the basic materials company’s stock valued at $5,225,000 after purchasing an additional 1,527,982 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of Klondex Mines by 5.6% during the second quarter. U S Global Investors Inc. now owns 11,100,000 shares of the basic materials company’s stock valued at $35,159,000 after purchasing an additional 592,400 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Klondex Mines during the second quarter valued at approximately $1,740,000.

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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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