Klondex Mines (KDX) PT Lowered to C$4.25 at Canaccord Genuity
Klondex Mines (TSE:KDX) had its target price lowered by equities researchers at Canaccord Genuity from C$4.50 to C$4.25 in a research note issued on Friday. Canaccord Genuity’s target price would indicate a potential upside of 53.99% from the stock’s previous close.
Other analysts have also issued reports about the stock. CIBC lowered their price objective on shares of Klondex Mines from C$5.00 to C$4.25 in a research note on Tuesday, November 28th. Roth Capital reaffirmed a “buy” rating and issued a C$5.25 price objective on shares of Klondex Mines in a research note on Wednesday, October 4th. BMO Capital Markets decreased their price target on shares of Klondex Mines from C$3.75 to C$3.25 and set a “market perform” rating for the company in a research report on Wednesday, January 10th. Royal Bank of Canada decreased their price target on shares of Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. Finally, Scotiabank set a C$6.00 price target on shares of Klondex Mines and gave the company a “sector perform” rating in a research report on Thursday, November 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$4.61.
Shares of Klondex Mines (TSE KDX) traded up C$0.04 on Friday, hitting C$2.76. 394,850 shares of the stock were exchanged, compared to its average volume of 686,360. The stock has a market capitalization of $495.00, a price-to-earnings ratio of -12.00 and a beta of -0.38. Klondex Mines has a 1 year low of C$2.10 and a 1 year 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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