FY2017 EPS Estimates for Klondex Mines Ltd Decreased by Analyst (KDX)
Klondex Mines Ltd (TSE:KDX) – Equities research analysts at Clarus Securities cut their FY2017 earnings estimates for Klondex Mines in a note issued to investors on Thursday. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings per share of $0.24 for the year, down from their previous forecast of $0.26.
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A number of other analysts also recently issued reports on the stock. Scotiabank reaffirmed a “sector perform” rating and set a C$6.00 price objective on shares of Klondex Mines in a report on Thursday, July 27th. BMO Capital Markets dropped their price objective on shares of Klondex Mines from C$5.75 to C$5.25 in a report on Thursday, June 22nd. Finally, CIBC dropped their price objective on shares of Klondex Mines from C$7.00 to C$6.00 in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Klondex Mines has a consensus rating of “Hold” and an average target price of C$6.62.
Klondex Mines (KDX) opened at 4.10 on Monday. The firm has a market capitalization of $726.98 million and a P/E ratio of 120.59. The stock’s 50 day moving average is $4.19 and its 200 day moving average is $5.23. Klondex Mines has a one year low of $3.57 and a one year high of $7.95.
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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