Klondex Mines Ltd. (KLDX) Stock Rating Lowered by TheStreet

Klondex Mines Ltd. (NYSEMKT:KLDX) was downgraded by investment analysts at TheStreet from a “c” rating to a “d+” rating in a report issued on Friday.

A number of other research firms have also recently issued reports on KLDX. Roth Capital reiterated a “buy” rating and issued a $5.25 price objective on shares of Klondex Mines in a report on Wednesday, October 4th. HC Wainwright reiterated a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. BidaskClub upgraded Klondex Mines from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, ValuEngine cut Klondex Mines from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $5.25.

Klondex Mines (KLDX) traded down $0.09 during trading on Friday, reaching $2.19. The company had a trading volume of 869,164 shares, compared to its average volume of 1,110,000. Klondex Mines has a twelve month low of $2.16 and a twelve month high of $5.91.

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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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