Brokerages Set Klondex Mines Ltd (KDX) Price Target at $6.69
Shares of Klondex Mines Ltd (TSE:KDX) have received a consensus rating of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$6.69.
A number of equities research analysts have commented on the stock. Scotiabank decreased their price objective on shares of Klondex Mines from C$6.75 to C$6.00 and set a “sector perform” rating on the stock in a report on Thursday, April 20th. CIBC decreased their price objective on shares of Klondex Mines from C$7.50 to C$7.00 in a report on Monday, March 27th. BMO Capital Markets decreased their price objective on shares of Klondex Mines from C$7.00 to C$5.75 and set a “market perform” rating on the stock in a report on Thursday, April 20th. Royal Bank of Canada cut their target price on shares of Klondex Mines from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Monday, March 27th. Finally, Pi Financial cut their target price on shares of Klondex Mines from C$7.15 to C$6.35 in a research report on Monday, March 27th.
Shares of Klondex Mines (TSE:KDX) traded up 0.64% during midday trading on Monday, hitting $4.71. 1,488,615 shares of the stock were exchanged. The company’s market cap is $835.17 million. The firm has a 50-day moving average price of $4.45 and a 200-day moving average price of $5.79. Klondex Mines has a 12-month low of $3.88 and a 12-month high of $7.95.
About Klondex Mines
Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.
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