Zacks Investment Research lowered shares of Klondex Mines Ltd (NASDAQ:KLDX) from a buy rating to a hold rating in a report published on Saturday.

According to Zacks, “Klondex Mines Ltd. is focused on exploration, development and production of mineral properties. It primarily explores for gold and silver properties in Nevada. The company’s project consists of Fire Creek Property and Midas mine and ore milling. Klondex Mines Ltd. is headquartered in Vancouver, Canada. “

Separately, HC Wainwright reaffirmed a buy rating and issued a $6.00 price objective on shares of Klondex Mines in a report on Sunday, June 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $4.88.

Shares of Klondex Mines (KLDX) opened at 3.16 on Friday. The firm has a 50-day moving average price of $3.40 and a 200-day moving average price of $4.05. The stock’s market cap is $560.33 million. Klondex Mines has a 52 week low of $2.88 and a 52 week high of $6.03.

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Several hedge funds have recently added to or reduced their stakes in KLDX. U S Global Investors Inc boosted its stake in shares of Klondex Mines by 104,976.0% in the first quarter. U S Global Investors Inc now owns 10,507,600 shares of the company’s stock valued at $40,851,765,000 after buying an additional 10,497,600 shares in the last quarter. Swiss National Bank boosted its stake in shares of Klondex Mines by 6.9% in the first quarter. Swiss National Bank now owns 250,781 shares of the company’s stock valued at $979,000 after buying an additional 16,200 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Klondex Mines by 31.1% in the first quarter. Toronto Dominion Bank now owns 42,200 shares of the company’s stock valued at $165,000 after buying an additional 10,000 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Klondex Mines by 39.2% in the first quarter. TD Asset Management Inc. now owns 818,978 shares of the company’s stock valued at $3,187,000 after buying an additional 230,589 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Klondex Mines by 129.1% in the first quarter. Wellington Management Group LLP now owns 4,087,254 shares of the company’s stock valued at $15,905,000 after buying an additional 2,302,918 shares in the last quarter.

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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