Klondex Mines Ltd. (KDX) Given Sector Perform Rating at Scotiabank
Klondex Mines Ltd. (TSE:KDX)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Scotiabank in a research report issued on Wednesday. They presently have a C$8.00 price target on the stock. Scotiabank’s price objective suggests a potential upside of 22.51% from the stock’s previous close.
KDX has been the topic of a number of other research reports. CIBC started coverage on Klondex Mines in a research report on Friday, September 30th. They set a “sector perform” rating and a C$8.00 target price on the stock. Canaccord Genuity cut Klondex Mines from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$6.75 to C$8.00 in a research report on Thursday, September 15th. Dundee Securities lifted their target price on Klondex Mines from C$5.50 to C$8.25 in a research report on Thursday, September 15th. Royal Bank Of Canada lifted their target price on Klondex Mines from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, September 15th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$7.25 price target on shares of Klondex Mines in a report on Monday, August 22nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Klondex Mines has an average rating of “Hold” and an average price target of C$7.06.
Klondex Mines (TSE:KDX) traded up 2.45% during trading on Wednesday, reaching $6.69. The company had a trading volume of 183,830 shares. Klondex Mines has a 1-year low of $2.56 and a 1-year high of $7.84. The firm has a 50-day moving average of $7.10 and a 200-day moving average of $5.45. The stock has a market capitalization of $968.85 million and a price-to-earnings ratio of 60.82.
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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