Klondex Mines Ltd. (KDX) Expected to Earn FY2017 Earnings of $0.74 Per Share
Klondex Mines Ltd. (TSE:KDX) – Equities research analysts at Clarus Securities upped their FY2017 EPS estimates for shares of Klondex Mines in a research report issued on Friday. Clarus Securities analyst J. Spratt now anticipates that the brokerage will post earnings of $0.74 per share for the year, up from their prior estimate of $0.73. Clarus Securities also issued estimates for Klondex Mines’ FY2018 earnings at $0.87 EPS.
Several other analysts have also issued reports on KDX. Dundee Securities upped their price target on shares of Klondex Mines from C$5.50 to C$8.25 in a research report on Thursday, September 15th. Scotiabank restated a “sector perform” rating and set a C$8.00 price target on shares of Klondex Mines in a research report on Wednesday, October 12th. CIBC began coverage on shares of Klondex Mines in a research report on Friday, September 30th. They set a “sector perform” rating and a C$8.00 price target for the company. BMO Capital Markets restated a “market perform” rating and set a C$7.25 price target on shares of Klondex Mines in a research report on Monday, August 22nd. Finally, Canaccord Genuity lowered shares of Klondex Mines from a “buy” rating to a “hold” rating and upped their price target for the company from C$6.75 to C$8.00 in a research report on Thursday, September 15th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$7.06.
Klondex Mines (TSE:KDX) opened at 6.91 on Monday. 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 $1.00 billion and a P/E ratio of 62.82. The firm’s 50-day moving average price is $7.11 and its 200 day moving average price is $5.49.
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About Klondex Mines
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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