Klondex Mines Ltd (TSE:KDX)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a note issued to investors on Tuesday.

Several other analysts have also weighed in on the company. Laurentian Bank of Canada lowered their target price on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a report on Thursday, August 17th. Laurentian lowered their target price on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a report on Thursday, August 17th. Scotiabank reissued a “sector perform” rating and issued a C$6.00 target price on shares of Klondex Mines in a report on Monday. Pi Financial raised Klondex Mines from a “neutral” rating to a “buy” rating and upped their target price for the company from C$4.15 to C$4.85 in a report on Wednesday. Finally, BMO Capital Markets lowered their target price on Klondex Mines from C$5.75 to C$5.25 in a report on Thursday, June 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$6.03.

Shares of Klondex Mines (KDX) opened at 4.45 on Tuesday. Klondex Mines has a 1-year low of $3.57 and a 1-year high of $7.95. The firm has a market cap of $790.23 million and a PE ratio of 105.95. The company has a 50-day moving average of $4.07 and a 200-day moving average of $4.65.

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In related news, Director Blair Schultz acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average price of C$4.00 per share, with a total value of C$100,000.00.

Klondex Mines Company Profile

Klondex Mines Ltd., together with its subsidiaries, acquires, explores, develops, and produces mineral properties in the United States and Canada. It explores for gold and silver deposits. The company holds 100% interests in the Fire Creek Property covering approximately 17,000 acres located in Lander County; the Midas mine and mill covering approximately 30,000 acres located in Elko County; and the True North gold mine and mill in Manitoba, Canada.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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