Klondex Mines Ltd (KDX) Receives Consensus Recommendation of “Hold” from Analysts
Klondex Mines Ltd (TSE:KDX) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$6.69.
A number of research firms recently weighed in on KDX. CIBC lowered their price target on Klondex Mines from C$7.00 to C$6.00 in a report on Monday, May 15th. Scotiabank lowered their price target on Klondex Mines from C$6.75 to C$6.00 and set a “sector perform” rating on the stock in a report on Thursday, April 20th. BMO Capital Markets lowered their price target on Klondex Mines from C$7.00 to C$5.75 and set a “market perform” rating on the stock in a report on Thursday, April 20th. Pi Financial lowered their price target on Klondex Mines from C$7.15 to C$6.35 in a report on Monday, March 27th. Finally, Royal Bank of Canada lowered their price target on Klondex Mines from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a report on Monday, March 27th.
Klondex Mines (TSE:KDX) traded down 1.98% during trading on Monday, hitting $4.45. The stock had a trading volume of 1,316,532 shares. The stock’s 50 day moving average price is $4.79 and its 200 day moving average price is $6.12. The firm’s market cap is $789.07 million. Klondex Mines has a 12-month low of $4.07 and a 12-month high of $7.95.
In related news, Director Mark Daniel sold 39,684 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of C$7.49, for a total value of C$297,233.16.
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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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