Klondex Mines (KLDX) PT Set at $4.00 by Roth Capital

Roth Capital set a $4.00 price objective on Klondex Mines (NYSEAMERICAN:KLDX) in a report issued on Wednesday. The firm currently has a buy rating on the basic materials company’s stock.

A number of other equities analysts have also recently commented on KLDX. Canaccord Genuity upgraded Klondex Mines from a hold rating to a buy rating in a report on Monday, September 18th. HC Wainwright restated a buy rating on shares of Klondex Mines in a report on Tuesday, September 19th. BidaskClub cut Klondex Mines from a sell rating to a strong sell rating in a report on Saturday, October 21st. TheStreet cut Klondex Mines from a c rating to a d+ rating in a report on Friday, November 10th. Finally, Zacks Investment Research cut Klondex Mines from a hold rating to a strong sell rating in a report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $4.67.

Klondex Mines (KLDX) opened at $2.13 on Wednesday. Klondex Mines has a 1-year low of $1.61 and a 1-year high of $5.91. The company has a market capitalization of $427.47, a PE ratio of -35.50 and a beta of 0.03.

Several large investors have recently modified their holdings of the company. Virtu Financial LLC raised its position in shares of 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 buying an additional 26,451 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of 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 buying an additional 67,635 shares in the last quarter. U S Global Investors Inc. raised its position in shares of 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 buying an additional 68,833 shares in the last quarter. Jane Street Group LLC raised its position in shares of 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 buying an additional 237,781 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of 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 buying an additional 115,944 shares in the last quarter.

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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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