Klondex Mines Ltd (NYSEAMERICAN:KLDX) – Stock analysts at Clarus Securities decreased their FY2018 earnings per share estimates for Klondex Mines in a note issued to investors on Wednesday. Clarus Securities analyst J. Spratt now expects that the basic materials company will earn $0.14 per share for the year, down from their previous estimate of $0.24.
KLDX has been the subject of a number of other research reports. BidaskClub cut Klondex Mines from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 21st. HC Wainwright reaffirmed a “buy” rating and issued a $6.25 price target on shares of Klondex Mines in a research report on Friday, November 10th. TheStreet cut Klondex Mines from a “c” rating to a “d+” rating in a research report on Friday, November 10th. Zacks Investment Research cut Klondex Mines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada cut Klondex Mines from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.67.
Klondex Mines (NYSEAMERICAN:KLDX) last issued its quarterly earnings results on Thursday, November 9th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 company’s quarterly revenue was down 12.1% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its stake in shares of Klondex Mines by 164.8% in the 3rd 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. Bank of Nova Scotia lifted its holdings in Klondex Mines by 142.0% during the 2nd quarter. Bank of Nova Scotia now owns 49,280 shares of the basic materials company’s stock worth $166,000 after buying an additional 28,914 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Klondex Mines by 83.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 66,217 shares of the basic materials company’s stock worth $241,000 after buying an additional 30,040 shares in the last quarter. Highstreet Asset Management Inc. lifted its holdings in Klondex Mines by 159.6% during the 4th quarter. Highstreet Asset Management Inc. now owns 58,553 shares of the basic materials company’s stock worth $152,000 after buying an additional 35,999 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new position in Klondex Mines during the 2nd quarter worth $136,000.
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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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