Klondex Mines Ltd (KLDX) Cut to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Klondex Mines Ltd (NYSEMKT:KLDX) from a sell rating to a strong sell rating in a research note released on Saturday morning.

A number of other equities research analysts also recently issued reports on KLDX. HC Wainwright reiterated a buy rating on shares of Klondex Mines in a research report on Tuesday, September 19th. Roth Capital reiterated a buy rating and issued a $5.25 price objective on shares of Klondex Mines in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded Klondex Mines from a hold rating to a sell rating in a research report on Thursday, August 24th.

Klondex Mines (NYSEMKT KLDX) opened at 3.15 on Friday. Klondex Mines has a 52 week low of $2.81 and a 52 week high of $5.94. The company has a market cap of $559.37 million and a price-to-earnings ratio of 75.00. The stock has a 50 day moving average price of $3.57 and a 200 day moving average price of $3.40.

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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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