Klondex Mines Ltd (KDX) Given New C$5.25 Price Target at BMO Capital Markets
Klondex Mines Ltd (TSE:KDX) had its price objective decreased by equities researchers at BMO Capital Markets from C$5.75 to C$5.25 in a note issued to investors on Thursday. BMO Capital Markets’ target price points to a potential upside of 6.49% from the company’s previous close.
Several other brokerages have also weighed in on KDX. Scotiabank cut their price objective on shares of Klondex Mines from C$7.00 to C$6.75 and set a “sector perform” rating on the stock in a research report on Friday, March 24th. Pi Financial cut their price objective on shares of Klondex Mines from C$7.15 to C$6.35 in a research report on Monday, March 27th. Royal Bank Of Canada cut their price objective on shares of Klondex Mines from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Monday, March 27th. Finally, CIBC cut their price objective on shares of Klondex Mines from C$7.00 to C$6.00 in a research report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$6.62.
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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