Klondex Mines Ltd. (KLDX) Receives $4.75 Average Price Target from Analysts
Shares of Klondex Mines Ltd. (NYSEMKT:KLDX) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $4.75.
Separately, Canaccord Genuity lowered shares of Klondex Mines from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th.
Klondex Mines (NYSEMKT:KLDX) opened at 4.91 on Friday. The company has a market capitalization of $733.15 million and a P/E ratio of 37.77. The stock’s 50 day moving average is $5.20 and its 200-day moving average is $4.70. Klondex Mines has a 52-week low of $1.76 and a 52-week high of $6.03.
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About Klondex Mines
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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