FY2017 Earnings Forecast for Klondex Mines Ltd Issued By Clarus Securities (KDX)
Klondex Mines Ltd (TSE:KDX) – Analysts at Clarus Securities reduced their FY2017 earnings per share estimates for Klondex Mines in a report released on Friday. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings of $0.16 per share for the year, down from their prior estimate of $0.18.
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Several other research firms have also recently issued reports on KDX. Canaccord Genuity raised their price objective on Klondex Mines from C$5.50 to C$6.00 in a report on Friday, September 29th. Roth Capital reiterated a “buy” rating and issued a C$5.25 target price on shares of Klondex Mines in a report on Wednesday, October 4th. Laurentian Bank of Canada reduced their target price on 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. Laurentian reduced their price objective 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, HC Wainwright restated a “buy” rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$5.83.
Klondex Mines (TSE KDX) opened at 4.06 on Monday. The firm has a market cap of $720.97 million and a price-to-earnings ratio of 96.67. Klondex Mines has a 1-year low of $3.57 and a 1-year high of $7.95. The firm’s 50-day moving average price is $4.44 and its 200-day moving average price is $4.42.
In related news, Director Blair Schultz purchased 25,000 shares of the company’s stock in a transaction 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.
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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