Insider Buying: Klondex Mines Ltd (NYSEAMERICAN:KLDX) Insider Purchases 164,734 Shares of Stock

Klondex Mines Ltd (NYSEAMERICAN:KLDX) insider Mining Parallel Fund Waterton purchased 164,734 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was acquired at an average cost of $1.37 per share, with a total value of $225,685.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Mining Parallel Fund Waterton also recently made the following trade(s):

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  • On Wednesday, March 14th, Mining Parallel Fund Waterton purchased 184,573 shares of Klondex Mines stock. The stock was acquired at an average cost of $1.49 per share, with a total value of $275,013.77.
  • On Monday, March 12th, Mining Parallel Fund Waterton purchased 21,100 shares of Klondex Mines stock. The stock was acquired at an average cost of $1.38 per share, with a total value of $29,118.00.
  • On Friday, March 2nd, Mining Parallel Fund Waterton purchased 3,143,123 shares of Klondex Mines stock. The stock was acquired at an average cost of $1.37 per share, with a total value of $4,306,078.51.

Shares of KLDX stock remained flat at $$2.35 during trading hours on Monday. The stock had a trading volume of 2,116,800 shares, compared to its average volume of 2,092,889. Klondex Mines Ltd has a 1-year low of $1.29 and a 1-year high of $4.12.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. U S Global Investors Inc. lifted its holdings in shares of Klondex Mines by 0.6% during the third quarter. U S Global Investors Inc. now owns 11,168,833 shares of the basic materials company’s stock worth $39,942,000 after purchasing an additional 68,833 shares during the period. State Street Corp acquired a new stake in shares of Klondex Mines during the second quarter worth $10,076,000. Global X MANAGEMENT CO LLC lifted its holdings in shares of Klondex Mines by 7.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,489,193 shares of the basic materials company’s stock worth $9,056,000 after purchasing an additional 168,363 shares during the period. Northpointe Capital LLC acquired a new stake in shares of Klondex Mines during the fourth quarter worth $4,834,000. Finally, Northern Trust Corp lifted its holdings in shares of Klondex Mines by 6,814.4% during the second quarter. Northern Trust Corp now owns 1,550,405 shares of the basic materials company’s stock worth $5,225,000 after purchasing an additional 1,527,982 shares during the period.

Several equities research analysts have recently weighed in on the company. Clarus Securities reissued a “speculative buy” rating on shares of Klondex Mines in a report on Friday, March 16th. HC Wainwright downgraded Klondex Mines from a “buy” rating to a “neutral” rating and set a $2.70 price objective for the company. in a report on Tuesday, March 20th. Roth Capital downgraded Klondex Mines from a “buy” rating to a “hold” rating and decreased their price objective for the company from $3.00 to $2.00 in a report on Monday, March 19th. Canaccord Genuity downgraded Klondex Mines from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada downgraded Klondex Mines from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $2.82.

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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.

Insider Buying and Selling by Quarter for Klondex Mines (NYSEAMERICAN:KLDX)

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