Klondex Mines Ltd (NYSEAMERICAN:KLDX) – Investment analysts at Clarus Securities cut their FY2019 earnings per share (EPS) estimates for Klondex Mines in a research note issued on Wednesday. Clarus Securities analyst J. Spratt now forecasts that the basic materials company will post earnings per share of $0.10 for the year, down from their prior forecast of $0.34. Clarus Securities also issued estimates for Klondex Mines’ FY2020 earnings at $0.26 EPS.

A number of other equities analysts have also recently weighed in on KLDX. HC Wainwright reiterated a “buy” rating and set a $6.25 price target on shares of Klondex Mines in a report on Friday, November 10th. Canaccord Genuity cut Klondex Mines from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub cut Klondex Mines from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Royal Bank of Canada cut Klondex Mines from an “outperform” rating to a “sector perform” rating in a report on Wednesday. Finally, Zacks Investment Research cut Klondex Mines from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $4.67.

Shares of Klondex Mines (KLDX) opened at $1.55 on Friday. The stock has a market capitalization of $296.35, a price-to-earnings ratio of -25.83 and a beta of -0.16. Klondex Mines has a twelve month low of $1.54 and a twelve month high of $5.91.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in Klondex Mines by 16.9% during the 4th quarter. Toronto Dominion Bank now owns 266,732 shares of the basic materials company’s stock worth $694,000 after acquiring an additional 38,603 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Klondex Mines by 70.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 484,794 shares of the basic materials company’s stock worth $1,265,000 after acquiring an additional 200,355 shares in the last quarter. Highstreet Asset Management Inc. lifted its stake in Klondex Mines by 159.6% during the 4th quarter. Highstreet Asset Management Inc. now owns 58,553 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 35,999 shares in the last quarter. Northpointe Capital LLC acquired a new position in Klondex Mines during the 4th quarter worth about $4,834,000. Finally, Virtu Financial LLC lifted its stake in Klondex Mines by 164.8% during the 3rd quarter. Virtu Financial LLC now owns 42,504 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 26,451 shares in 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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