Shares of Klondex Mines Ltd (NYSEAMERICAN:KLDX) gapped down before the market opened on Thursday . The stock had previously closed at $1.74, but opened at $1.77. Klondex Mines shares last traded at $1.67, with a volume of 705885 shares traded.

Several research firms have recently issued reports on KLDX. Canaccord Genuity lowered Klondex Mines from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada lowered Klondex Mines from an “outperform” rating to a “sector perform” rating in a report on Wednesday. HC Wainwright reissued a “buy” rating and set a $6.25 target price on shares of Klondex Mines in a report on Friday, November 10th. Roth Capital set a $4.00 target price on Klondex Mines and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, TheStreet downgraded Klondex Mines from a “c” rating to a “d+” rating in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Klondex Mines currently has an average rating of “Hold” and an average price target of $4.67.

The firm has a market cap of $407.71, a PE ratio of -29.50 and a beta of -0.16.

Klondex Mines (NYSEAMERICAN:KLDX) last announced its quarterly earnings data on Thursday, November 9th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The company had revenue of $48.90 million during the quarter, compared to analyst estimates of $64.08 million. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in KLDX. Virtu Financial LLC raised its position in Klondex Mines by 164.8% in 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 last quarter. Bank of Nova Scotia raised its position in Klondex Mines by 142.0% in the second quarter. Bank of Nova Scotia now owns 49,280 shares of the basic materials company’s stock valued at $166,000 after purchasing an additional 28,914 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Klondex Mines by 83.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 66,217 shares of the basic materials company’s stock valued at $241,000 after purchasing an additional 30,040 shares during the last quarter. Highstreet Asset Management Inc. raised its position in Klondex Mines by 159.6% in the fourth quarter. Highstreet Asset Management Inc. now owns 58,553 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 35,999 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Klondex Mines by 16.9% in the fourth quarter. Toronto Dominion Bank now owns 266,732 shares of the basic materials company’s stock valued at $694,000 after purchasing an additional 38,603 shares during the last quarter.

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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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