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

Klondex Mines (NYSEAMERICAN:KLDX) has been given a $4.00 target price by equities researchers at Roth Capital in a report issued on Wednesday, January 10th. The brokerage currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price target indicates a potential upside of 80.18% from the company’s current price.

Several other analysts have also issued reports on the company. HC Wainwright reissued a “buy” rating and set a $6.25 price target on shares of Klondex Mines in a report on Tuesday, December 26th. Zacks Investment Research lowered Klondex Mines from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. TheStreet lowered Klondex Mines from a “c” rating to a “d+” rating in a report on Friday, November 10th. BidaskClub lowered Klondex Mines from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 21st. Finally, Canaccord Genuity raised Klondex Mines from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Klondex Mines currently has an average rating of “Hold” and an average target price of $4.67.

Klondex Mines (NYSEAMERICAN:KLDX) traded up $0.03 during mid-day trading on Wednesday, hitting $2.22. The stock had a trading volume of 1,189,653 shares, compared to its average volume of 1,542,067. The stock has a market capitalization of $380.77, a PE ratio of -37.00 and a beta of 0.03. Klondex Mines has a 52-week low of $1.61 and a 52-week high of $5.91.

Klondex Mines (NYSEAMERICAN:KLDX) last posted its quarterly earnings data on Thursday, November 9th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The company had revenue of $48.90 million during the quarter, compared to the consensus estimate of $64.08 million. Klondex Mines’s revenue was down 12.1% on a year-over-year basis.

Several large investors have recently bought and sold shares of KLDX. Virtu Financial LLC raised its position in Klondex Mines by 164.8% during 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% during 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% during 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% during 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% during 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.

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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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