Klondex Mines Ltd (NYSEAMERICAN:KLDX) – Equities researchers at Clarus Securities dropped their FY2017 earnings estimates for shares of Klondex Mines in a note issued to investors on Monday. Clarus Securities analyst J. Spratt now anticipates that the basic materials company will post earnings of $0.06 per share for the year, down from their prior estimate of $0.08. Clarus Securities also issued estimates for Klondex Mines’ FY2018 earnings at $0.24 EPS and FY2019 earnings at $0.34 EPS.
A number of other equities analysts have also commented on KLDX. HC Wainwright restated a “buy” rating and issued a $6.25 price target on shares of Klondex Mines in a research report on Friday, October 20th. BidaskClub lowered shares of Klondex Mines from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 21st. TheStreet lowered shares of Klondex Mines from a “c” rating to a “d+” rating in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Klondex Mines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 20th. Finally, Roth Capital set a $4.00 price target on shares of Klondex Mines and gave the company a “buy” rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.67.
Klondex Mines (NYSEAMERICAN:KLDX) last posted its earnings results on Thursday, November 9th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). The company had revenue of $48.90 million for the quarter, compared to analyst estimates of $64.08 million. The company’s revenue was down 12.1% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in KLDX. Virtu Financial LLC lifted its position in shares of Klondex Mines by 164.8% during the third quarter. Virtu Financial LLC now owns 42,504 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 26,451 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of Klondex Mines during the second quarter worth approximately $136,000. Highstreet Asset Management Inc. lifted its position in shares of Klondex Mines by 159.6% during the fourth quarter. Highstreet Asset Management Inc. now owns 58,553 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 35,999 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Klondex Mines during the second quarter worth approximately $157,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Klondex Mines during the second quarter worth approximately $162,000.
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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