Klondex Mines Ltd (KDX) Given New C$5.00 Price Target at CIBC
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity raised their price objective on Klondex Mines from C$5.50 to C$6.00 in a research report on Friday, September 29th. HC Wainwright reiterated a buy rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Pi Financial upgraded Klondex Mines from a neutral rating to a buy rating and increased their price target for the company from C$4.15 to C$4.85 in a research note on Wednesday, September 20th. Laurentian Bank of Canada decreased their price target on Klondex Mines from C$6.15 to C$5.80 and set a buy rating for the company in a research note on Thursday, August 17th. Finally, Laurentian decreased their price target on Klondex Mines from C$6.15 to C$5.80 and set a buy rating for the company in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$5.69.
Shares of Klondex Mines (KDX) traded down C$0.49 during mid-day trading on Monday, reaching C$3.16. The company had a trading volume of 1,867,277 shares, compared to its average volume of 820,572. Klondex Mines has a 12 month low of C$3.11 and a 12 month high of C$7.73.
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In other news, Director Blair Schultz acquired 25,000 shares of Klondex Mines stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average cost of C$4.00 per share, for a total transaction of C$100,000.00.
Klondex Mines Company Profile
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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