Klondex Mines Ltd. (KDX) Earns Sector Perform Rating from Scotiabank
Klondex Mines Ltd. (TSE:KDX)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Scotiabank in a research report issued on Wednesday, StockTargetPrices.com reports. They currently have a C$8.00 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 22.51% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Dundee Securities boosted their price objective on Klondex Mines from C$5.50 to C$8.25 in a report on Thursday, September 15th. Canaccord Genuity boosted their price objective on Klondex Mines from C$6.00 to C$6.75 in a report on Tuesday, July 12th. M Partners reissued a “buy” rating on shares of Klondex Mines in a report on Monday, July 18th. BMO Capital Markets reissued a “market perform” rating and issued a C$7.25 price objective on shares of Klondex Mines in a report on Monday, August 22nd. Finally, Royal Bank Of Canada upped their price target on Klondex Mines from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a report on Thursday, September 15th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$7.06.
Klondex Mines (TSE:KDX) traded up 2.45% during trading on Wednesday, reaching $6.69. The company’s stock had a trading volume of 183,830 shares. The stock has a 50-day moving average of $7.10 and a 200 day moving average of $5.45. Klondex Mines has a one year low of $2.56 and a one year high of $7.84. The firm has a market capitalization of $968.85 million and a P/E ratio of 60.82.
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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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