Equities researchers at Roth Capital began coverage on shares of Klondex Mines Ltd (NASDAQ:KLDX) in a report released on Wednesday, October 4th, Marketbeat reports. The firm set a “buy” rating and a $5.25 price target on the stock. Roth Capital’s price objective suggests a potential upside of 36.72% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. HC Wainwright reaffirmed a “buy” rating and set a $6.25 price objective on shares of Klondex Mines in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Klondex Mines from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. Finally, Canaccord Genuity upgraded Klondex Mines from a “hold” rating to a “buy” rating in a report on Monday, September 18th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $5.08.

Klondex Mines (NASDAQ KLDX) remained flat at $3.84 during midday trading on Wednesday. 672,577 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.43. The company’s market capitalization is $680.88 million. Klondex Mines has a one year low of $2.81 and a one year high of $5.94.

TRADEMARK VIOLATION WARNING: “Roth Capital Initiates Coverage on Klondex Mines Ltd (NASDAQ:KLDX)” was originally published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at http://www.mareainformativa.com/klondex-mines-ltd-kldx-receives-new-coverage-from-analysts-at-roth-capital/115052/.

In related news, Director Blair Albert Schultz acquired 25,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $3.17 per share, with a total value of $79,250.00. Following the completion of the acquisition, the director now owns 113,333 shares in the company, valued at $359,265.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

A number of large investors have recently made changes to their positions in the business. Toronto Dominion Bank raised its holdings in Klondex Mines by 423.5% during the 2nd quarter. Toronto Dominion Bank now owns 220,900 shares of the company’s stock worth $745,000 after purchasing an additional 178,700 shares during the last quarter. U S Global Investors Inc. grew its position in shares of Klondex Mines by 5.6% during the 2nd quarter. U S Global Investors Inc. now owns 11,100,000 shares of the company’s stock worth $35,159,000 after buying an additional 592,400 shares during the period. California State Teachers Retirement System acquired a new position in shares of Klondex Mines during the 2nd quarter worth about $1,050,000. Bank of Nova Scotia grew its position in shares of Klondex Mines by 142.0% during the 2nd quarter. Bank of Nova Scotia now owns 49,280 shares of the company’s stock worth $166,000 after buying an additional 28,914 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Klondex Mines by 74.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 290,686 shares of the company’s stock worth $979,000 after buying an additional 124,454 shares during the period.

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.

Receive News & Stock Ratings for Klondex Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klondex Mines Ltd and related stocks with our FREE daily email newsletter.