Klondex Mines Ltd (KDX) Receives Consensus Rating of “Hold” from Brokerages
Shares of Klondex Mines Ltd (TSE:KDX) have been given an average recommendation of “Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$6.44.
Several equities analysts have recently issued reports on KDX shares. BMO Capital Markets reduced their target price on Klondex Mines from C$5.75 to C$5.25 in a research note on Thursday, June 22nd. Laurentian Bank of Canada reduced their target price on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a research note on Thursday. Laurentian reduced their target price on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a research note on Thursday. CIBC reduced their target price on Klondex Mines from C$7.00 to C$6.00 in a research note on Monday, May 15th. Finally, Scotiabank reissued a “sector perform” rating and set a C$6.00 target price on shares of Klondex Mines in a research note on Thursday, July 27th.
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Shares of Klondex Mines (KDX) traded down 3.55% during mid-day trading on Thursday, hitting $4.08. 678,343 shares of the stock traded hands. The stock has a market cap of $724.52 million and a price-to-earnings ratio of 97.14. Klondex Mines has a 52 week low of $3.57 and a 52 week high of $7.95. The firm’s 50-day moving average is $4.14 and its 200-day moving average is $5.17.
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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