Klondex Mines Ltd (TSE:KDX)’s share price traded down 1.3% during trading on Tuesday . The stock traded as low as C$2.99 and last traded at C$3.05. 197,915 shares were traded during trading, a decline of 76% from the average session volume of 818,328 shares. The stock had previously closed at C$3.01.

Several equities analysts recently commented on the stock. CIBC cut their target price on shares of Klondex Mines from C$5.00 to C$4.25 in a research note on Tuesday, November 28th. Scotiabank set a C$6.00 target price on shares of Klondex Mines and gave the company a “sector perform” rating in a research note on Thursday, November 23rd. Royal Bank Of Canada cut their target price on shares of Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating for the company in a research note on Tuesday, November 14th. BMO Capital Markets reiterated a “market perform” rating and set a C$5.00 target price on shares of Klondex Mines in a research note on Tuesday, October 24th. Finally, HC Wainwright restated a “buy” rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$5.27.

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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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