CIBC Begins Coverage on Klondex Mines Ltd. (KDX)
Stock analysts at CIBC initiated coverage on shares of Klondex Mines Ltd. (TSE:KDX) in a report issued on Friday. The brokerage set a “sector perform” rating on the stock.
KDX has been the subject of several other reports. Dundee Securities raised their price objective on Klondex Mines from C$5.50 to C$8.25 in a research note on Thursday, September 15th. Canaccord Genuity raised their price objective on Klondex Mines from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. M Partners reaffirmed a “buy” rating on shares of Klondex Mines in a research note on Monday, July 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$7.25 price objective on shares of Klondex Mines in a research note on Monday, August 22nd. Finally, Scotiabank raised their price objective on Klondex Mines from C$6.25 to C$7.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$6.54.
Shares of Klondex Mines (TSE:KDX) traded down 0.464% during trading on Friday, hitting $7.505. The stock had a trading volume of 108,183 shares. The company has a market cap of $1.09 billion and a PE ratio of 68.227. Klondex Mines has a 12-month low of $2.56 and a 12-month high of $7.84. The stock’s 50 day moving average is $7.08 and its 200-day moving average is $5.27.
Klondex Mines Company Profile
Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).
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