Klondex Mines Ltd (NYSEAMERICAN:KLDX) – Analysts at Clarus Securities lowered their FY2018 EPS estimates for Klondex Mines in a note issued to investors on Thursday. Clarus Securities analyst J. Spratt now anticipates that the basic materials company will earn $0.35 per share for the year, down from their prior estimate of $0.42. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.37 EPS.
Other equities research analysts also recently issued research reports about the company. Roth Capital set a $4.00 target price on Klondex Mines and gave the company a “buy” rating in a report on Wednesday. HC Wainwright reaffirmed a “buy” rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Canaccord Genuity raised Klondex Mines from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Zacks Investment Research downgraded Klondex Mines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Finally, TheStreet downgraded Klondex Mines from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.67.
Shares of Klondex Mines (NYSEAMERICAN:KLDX) opened at $2.13 on Friday. Klondex Mines has a fifty-two week low of $1.61 and a fifty-two week high of $5.91. The company has a market capitalization of $380.77, a price-to-earnings ratio of -35.50 and a beta of 0.03.
Large investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC acquired a new position in Klondex Mines in the 2nd quarter valued at about $1,588,000. Bank of New York Mellon Corp acquired a new position in Klondex Mines in the 2nd quarter valued at about $1,740,000. Swiss National Bank raised its stake in Klondex Mines by 16.8% in the 2nd quarter. Swiss National Bank now owns 292,881 shares of the basic materials company’s stock valued at $987,000 after purchasing an additional 42,100 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Klondex Mines in the 2nd quarter valued at about $723,000. Finally, Voya Investment Management LLC acquired a new position in Klondex Mines in the 2nd quarter valued at about $277,000.
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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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