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Fly News Breaks for March 20, 2018
HL, KLDX
Mar 20, 2018 | 07:07 EDT
H.C. Wainwright analyst Heiko Ihle downgraded Klondex Mines (KLDX) to Neutral and lowered his price target for the shares to $2.70 from $5.25. The analyst is "disappointed" in the pricing of the Hecla Mining (HL) acquisition. He now values Klondex at $507.0M or $2.70 per share, in-line with the price paid for the firm and the SpinCo.
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