Klondex Mines Ltd (KDX) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Klondex Mines Ltd (TSE:KDX) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$4.11.
KDX has been the subject of a number of recent research reports. CIBC cut their price objective on Klondex Mines from C$6.00 to C$5.00 in a research note on Monday, November 13th. Scotiabank set a C$4.50 price objective on Klondex Mines and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Canaccord Genuity cut their price objective on Klondex Mines from C$4.50 to C$4.25 in a research note on Friday, January 19th. BMO Capital Markets cut their price objective on Klondex Mines from C$3.75 to C$3.25 and set a “market perform” rating for the company in a research note on Wednesday, January 10th. Finally, Clarus Securities reiterated an “accumulate” rating on shares of Klondex Mines in a research note on Monday, February 5th.
Klondex Mines (KDX) traded down C$0.03 during midday trading on Thursday, hitting C$1.97. 492,200 shares of the stock traded hands, compared to its average volume of 743,585. The stock has a market cap of $353.76, a price-to-earnings ratio of -8.57 and a beta of -0.58. Klondex Mines has a 12-month low of C$1.93 and a 12-month high of C$7.73.
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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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