Klondex Mines Ltd (TSE:KDX) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$6.44.

KDX has been the subject of a number of research reports. CIBC dropped their target price on shares of Klondex Mines from C$7.00 to C$6.00 in a report on Monday, May 15th. Scotiabank set a C$6.00 target price on shares of Klondex Mines and gave the stock a “sector perform” rating in a report on Thursday, June 22nd. BMO Capital Markets dropped their target price on shares of Klondex Mines from C$5.75 to C$5.25 in a report on Thursday, June 22nd. Laurentian Bank of Canada dropped their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a report on Thursday. Finally, Laurentian dropped their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a report on Thursday.

Klondex Mines (TSE KDX) traded down 3.55% during midday trading on Thursday, reaching $4.08. 678,343 shares of the company’s stock traded hands. Klondex Mines has a 52-week low of $3.57 and a 52-week high of $7.95. The stock has a 50-day moving average of $4.14 and a 200 day moving average of $5.17. The company has a market cap of $724.52 million and a P/E ratio of 97.14.

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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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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