The HC Wainwright Reaffirms Buy Rating for Klondex Mines Ltd (KLDX)

Paterniano Del Favero
Agosto 16, 2017

A number of large investors have recently modified their holdings of the company. U S Global Investors Inc increased its stake in shares of Klondex Mines by 104,976.0% in the first quarter. 864,090 shares of the company were exchanged. State Street Corp purchased a new position in shares of Klondex Mines during the second quarter worth approximately $10,076,000. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Formula Growth Ltd. purchased a new position in shares of Klondex Mines during the second quarter worth approximately $23,468,000. Wellington Management Group LLP now owns 4,087,254 shares of the company's stock worth $15,905,000 after buying an additional 2,302,918 shares in the last quarter. MAVEN SECURITIES Ltd bought a new stake in shares of Klondex Mines during the first quarter worth about $101,000. The brokerage now has a $3.75 price objective on the stock. Toronto Dominion Bank raised its position in shares of Klondex Mines by 31.1% in the first quarter. Morgan Stanley now owns 2,013,268 shares of the company's stock worth $7,831,000 after buying an additional 434,225 shares in the last quarter.

Klondex Mines (TSE KDX) traded down 0.73% during mid-day trading on Thursday, hitting $4.07. It last trading capacity has been watched at 1.21 million shares and 1.89 million shares are explored as seeing the average capacity of last three months trading period. The stock's market capitalization is $507.13 million.

Klondex Mines Ltd. (KLDX) stock marked a gap of -46.77% off its 52 week- peak price value and pointed turn of 14.23% from its 52 week-bottom price value. The firm's 50 day moving average is $3.26 and its 200-day moving average is $3.92.

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KLDX has been the topic of several analyst reports. CIBC dropped their price objective on Klondex Mines from C$7.50 to C$7.00 in a research note on Monday, March 27th. HC Wainwright restated a "buy" rating and issued a $6.00 price objective on shares of Klondex Mines in a report on Sunday, June 25th.

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