Jane Street Group LLC lowered its stake in Klondex Mines Ltd (NASDAQ:KLDX) by 89.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,341 shares of the company’s stock after selling 358,673 shares during the period. Jane Street Group LLC’s holdings in Klondex Mines were worth $168,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Klondex Mines by 107.1% in the fourth quarter. Renaissance Technologies LLC now owns 307,300 shares of the company’s stock valued at $1,435,000 after buying an additional 158,900 shares in the last quarter. Franklin Resources Inc. bought a new position in Klondex Mines during the fourth quarter valued at approximately $1,222,000. Swiss National Bank raised its position in 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. Gamco Investors INC. ET AL bought a new position in Klondex Mines during the first quarter valued at approximately $121,000. Finally, TD Asset Management Inc. raised its position in 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.
Klondex Mines Ltd (NASDAQ KLDX) opened at 3.48 on Wednesday. Klondex Mines Ltd has a 12-month low of $2.88 and a 12-month high of $6.03. The stock’s market cap is $617.07 million. The stock’s 50 day moving average price is $3.35 and its 200 day moving average price is $4.25.
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KLDX has been the topic of several analyst reports. Zacks Investment Research upgraded Klondex Mines from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Tuesday, March 28th. TheStreet lowered Klondex Mines from a “b-” rating to a “c” rating in a report on Thursday, March 30th. Finally, HC Wainwright reiterated a “buy” rating and set a $6.00 price target 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 an average price target of $5.00.
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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