FY2018 EPS Estimates for Klondex Mines Ltd Cut by Clarus Securities (KDX)
Klondex Mines Ltd (TSE:KDX) – Stock analysts at Clarus Securities reduced their FY2018 earnings estimates for shares of Klondex Mines in a research note issued on Tuesday. Clarus Securities analyst J. Spratt now expects that the company will earn $0.48 per share for the year, down from their prior estimate of $0.52.
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Other analysts have also recently issued reports about the stock. HC Wainwright restated a “buy” rating on shares of Klondex Mines in a research report on Tuesday. Scotiabank restated a “sector perform” rating and set a C$6.00 target price on shares of Klondex Mines in a research report on Monday. BMO Capital Markets decreased their target price on shares of Klondex Mines from C$5.75 to C$5.25 in a research report on Thursday, June 22nd. Pi Financial upgraded shares of Klondex Mines from a “neutral” rating to a “buy” rating and upped their target price for the company from C$4.15 to C$4.85 in a research report on Wednesday. Finally, Laurentian Bank of Canada cut their price target on shares of Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Klondex Mines presently has an average rating of “Buy” and a consensus price target of C$6.03.
Shares of Klondex Mines (KDX) traded up 1.12% on Thursday, hitting $4.50. The stock had a trading volume of 265,123 shares. Klondex Mines has a 12 month low of $3.57 and a 12 month high of $7.95. The stock has a market cap of $799.11 million and a PE ratio of 107.14. The company 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 purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average cost of C$4.00 per share, for a total transaction of C$100,000.00.
About Klondex Mines
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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