Clarus Securities Equities Analysts Reduce Earnings Estimates for Klondex Mines Ltd (KDX)
Klondex Mines Ltd (TSE:KDX) – Equities researchers at Clarus Securities cut their FY2018 EPS estimates for Klondex Mines in a report released on Thursday. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings of $0.44 per share for the year, down from their prior estimate of $0.53. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.46 EPS.
A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets reiterated a “market perform” rating and set a C$5.00 price target on shares of Klondex Mines in a report on Tuesday, October 24th. Scotiabank reiterated a “sector perform” rating and set a C$6.00 price target on shares of Klondex Mines in a report on Friday, December 22nd. Pi Financial upgraded Klondex Mines from a “neutral” rating to a “buy” rating and increased their price target for the stock from C$4.15 to C$4.85 in a report on Wednesday, September 20th. CIBC lowered their price target on Klondex Mines from C$6.00 to C$5.00 in a report on Monday, November 13th. Finally, Roth Capital reiterated a “buy” rating and set a C$5.25 price target on shares of Klondex Mines in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$4.80.
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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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