Research Analysts Offer Predictions for Klondex Mines Ltd.’s FY2017 Earnings (KDX)
Klondex Mines Ltd. (TSE:KDX) – Equities researchers at Clarus Securities increased their FY2017 EPS estimates for Klondex Mines in a report issued on Friday. Clarus Securities analyst J. Spratt now forecasts that the firm will earn $0.74 per share for the year, up from their prior estimate of $0.73. Clarus Securities also issued estimates for Klondex Mines’ FY2018 earnings at $0.87 EPS.
KDX has been the subject of a number of other research reports. CIBC began coverage on shares of Klondex Mines in a research note on Friday, September 30th. They issued a “sector perform” rating and a C$8.00 price objective for the company. Scotiabank lowered shares of Klondex Mines from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$7.00 to C$8.00 in a research note on Wednesday, September 14th. Dundee Securities raised their price target on shares of Klondex Mines from C$5.50 to C$8.25 in a report on Thursday, September 15th. Royal Bank Of Canada raised their price target on shares of Klondex Mines from C$7.50 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, September 15th. Finally, Canaccord Genuity downgraded shares of Klondex Mines from a “buy” rating to a “hold” rating and raised their price target for the company from C$6.75 to C$8.00 in a report on Thursday, September 15th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$7.06.
Shares of Klondex Mines (TSE:KDX) traded up 0.72% during midday trading on Monday, reaching $6.98. The company’s stock had a trading volume of 83,837 shares. Klondex Mines has a 1-year low of $2.56 and a 1-year high of $7.84. The company has a market capitalization of $1.01 billion and a P/E ratio of 63.45. The stock has a 50 day moving average of $7.11 and a 200-day moving average of $5.55.
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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