Klondex Mines (KDX) Shares Down 7.5%
Shares of Klondex Mines Ltd (TSE:KDX) were down 7.5% during trading on Friday . The stock traded as low as C$1.96 and last traded at C$1.96. Approximately 4,168,182 shares traded hands during mid-day trading, an increase of 469% from the average daily volume of 731,925 shares. The stock had previously closed at C$2.12.
Several analysts have recently commented on KDX shares. BMO Capital Markets restated a “market perform” rating and issued a C$5.00 target price on shares of Klondex Mines in a research note on Tuesday, October 24th. Scotiabank reiterated a “sector perform” rating and issued a C$6.00 price objective on shares of Klondex Mines in a research note on Friday, December 22nd. CIBC reduced their price objective on shares of Klondex Mines from C$6.00 to C$5.00 in a research note on Monday, November 13th. Royal Bank of Canada reduced their price objective 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. Finally, Canaccord Genuity reduced their price objective on shares of Klondex Mines from C$4.50 to C$4.25 in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$4.11.
The firm has a market cap of $371.04, a P/E ratio of -8.61 and a beta of -0.58.
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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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