Klondex Mines Ltd (NASDAQ:KLDX) Receives Consensus Recommendation of “Strong Buy” from Analysts
Klondex Mines Ltd (NASDAQ:KLDX) has been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $3.84 for the company, according to Zacks. Zacks has also given Klondex Mines an industry rank of 44 out of 265 based on the ratings given to related companies.
A number of brokerages have weighed in on KLDX. Scotiabank cut shares of Klondex Mines from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Klondex Mines from a “sell” rating to a “hold” rating and set a $5.00 price objective on the stock in a report on Wednesday, July 13th. BMO Capital Markets restated a “hold” rating on shares of Klondex Mines in a report on Thursday, September 15th. Finally, Canaccord Genuity cut shares of Klondex Mines from a “buy” rating to a “hold” rating in a report on Thursday, September 15th.
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Shares of Klondex Mines (NASDAQ:KLDX) traded up 0.37% during midday trading on Tuesday, reaching $5.47. 81,097 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $5.26 and a 200-day moving average of $3.94. The stock has a market cap of $792.17 million and a price-to-earnings ratio of 49.73. Klondex Mines has a one year low of $1.76 and a one year high of $5.94.
Klondex Mines Company Profile
Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).
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