Clarus Securities Research Analysts Lower Earnings Estimates for Klondex Mines Ltd (KDX)
Klondex Mines Ltd (TSE:KDX) – Analysts at Clarus Securities dropped their FY2017 EPS estimates for shares of Klondex Mines in a report released on Tuesday. Clarus Securities analyst J. Spratt now expects that the company will post earnings of $0.18 per share for the year, down from their prior estimate of $0.24. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.43 EPS and FY2020 earnings at $0.28 EPS.
A number of other research firms have also recently commented on KDX. BMO Capital Markets cut their target price on Klondex Mines from C$5.75 to C$5.25 in a research note on Thursday, June 22nd. Laurentian Bank of Canada cut their target price on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Laurentian cut their target price on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$6.00 target price on shares of Klondex Mines in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$6.21.
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Shares of Klondex Mines (TSE KDX) opened at 4.40 on Wednesday. The company has a market capitalization of $781.35 million and a price-to-earnings ratio of 104.76. Klondex Mines has a 12 month low of $3.57 and a 12 month high of $7.95. The stock has a 50 day moving average price of $4.07 and a 200-day moving average price of $4.65.
In other news, Director Blair Schultz acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average price of C$4.00 per share, with a total value of C$100,000.00.
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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