Klondex Mines Ltd (KDX) Receives Consensus Rating of “Buy” from Brokerages
Klondex Mines Ltd (TSE:KDX) has been assigned an average rating of “Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$5.80.
KDX has been the subject of a number of research analyst reports. Scotiabank reaffirmed a “sector perform” rating and issued a C$6.00 target price on shares of Klondex Mines in a research report on Friday, July 14th. Pi Financial raised shares of Klondex Mines from a “neutral” rating to a “buy” rating and lifted their target price for the stock from C$4.15 to C$4.85 in a research report on Wednesday, September 20th. Roth Capital reaffirmed a “buy” rating and issued a C$5.25 target price on shares of Klondex Mines in a research report on Wednesday, October 4th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$5.00 target price on shares of Klondex Mines in a research report on Tuesday, October 24th. Finally, Canaccord Genuity lifted their target price on shares of Klondex Mines from C$5.50 to C$6.00 in a research report on Friday, September 29th.
In other news, Director Blair Schultz bought 25,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average price of C$4.00 per share, for a total transaction of C$100,000.00.
Klondex Mines (KDX) traded down C$0.10 during trading hours on Tuesday, reaching C$3.66. 187,299 shares of the company’s stock were exchanged, compared to its average volume of 420,221. Klondex Mines has a fifty-two week low of C$3.57 and a fifty-two week high of C$7.73.
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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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