Shares of Klondex Mines Ltd (NASDAQ:KLDX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $3.84 for the company, according to Zacks. Zacks has also assigned Klondex Mines an industry rank of 47 out of 265 based on the ratings given to related companies.
KLDX has been the topic of a number of research reports. Zacks Investment Research lowered Klondex Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. BMO Capital Markets restated a “hold” rating on shares of Klondex Mines in a research report on Thursday, September 15th. Canaccord Genuity lowered Klondex Mines from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th. Finally, Scotiabank lowered Klondex Mines from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 13th.
An institutional investor recently raised its position in Klondex Mines stock. Creative Planning increased its position in shares of Klondex Mines Ltd (NASDAQ:KLDX) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,000 shares of the company’s stock after buying an additional 2,000 shares during the period. Creative Planning’s holdings in Klondex Mines were worth $184,000 at the end of the most recent quarter.
Klondex Mines (NASDAQ:KLDX) opened at 5.44 on Friday. Klondex Mines has a 12-month low of $1.76 and a 12-month high of $6.03. The company’s 50 day moving average price is $5.41 and its 200-day moving average price is $4.32. The company has a market capitalization of $787.82 million and a P/E ratio of 49.45.
Klondex Mines Company Profile
Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).
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