Klondex Mines Ltd (KDX) Given Consensus Recommendation of “Hold” by Analysts
Shares of Klondex Mines Ltd (TSE:KDX) have received a consensus rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$6.44.
A number of analysts have commented on the stock. Laurentian Bank of Canada reduced 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, August 17th. Laurentian reduced 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, August 17th. Scotiabank reaffirmed a “sector perform” rating and set a C$6.00 target price on shares of Klondex Mines in a report on Thursday, July 27th. BMO Capital Markets reduced their target price on shares of Klondex Mines from C$5.75 to C$5.25 in a report on Thursday, June 22nd. Finally, CIBC reduced their target price on shares of Klondex Mines from C$7.00 to C$6.00 in a report on Monday, May 15th.
In other news, Director Blair Schultz acquired 25,000 shares of Klondex Mines stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average cost of C$4.00 per share, with a total value of C$100,000.00.
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Klondex Mines (KDX) opened at 4.12 on Monday. The firm’s 50-day moving average price is $4.04 and its 200-day moving average price is $4.84. The firm has a market cap of $731.63 million and a P/E ratio of 98.10. Klondex Mines has a 12 month low of $3.57 and a 12 month high of $7.95.
Klondex Mines Company Profile
Klondex Mines Ltd., together with its subsidiaries, acquires, explores, develops, and produces mineral properties in the United States and Canada. It explores for gold and silver deposits. The company holds 100% interests in the Fire Creek Property covering approximately 17,000 acres located in Lander County; the Midas mine and mill covering approximately 30,000 acres located in Elko County; and the True North gold mine and mill in Manitoba, Canada.
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