Klondex Mines’ (KDX) Market Perform Rating Reaffirmed at BMO Capital Markets
Klondex Mines Ltd (TSE:KDX)‘s stock had its “market perform” rating reiterated by analysts at BMO Capital Markets in a research note issued on Tuesday. They presently have a C$5.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 25.00% from the company’s previous close.
A number of other research firms have also issued reports on KDX. Roth Capital reissued a “buy” rating and issued a C$5.25 price target on shares of Klondex Mines in a research report on Wednesday, October 4th. HC Wainwright reissued a “buy” rating on shares of Klondex Mines in a research report on Tuesday, September 19th. Canaccord Genuity increased their price target on shares of Klondex Mines from C$5.50 to C$6.00 in a research report on Friday, September 29th. Pi Financial raised shares of Klondex Mines from a “neutral” rating to a “buy” rating and increased their price target for the stock from C$4.15 to C$4.85 in a research report on Wednesday, September 20th. Finally, Scotiabank reissued a “sector perform” rating and issued a C$6.00 price target on shares of Klondex Mines in a research report on Monday, September 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Klondex Mines currently has an average rating of “Buy” and an average price target of C$5.80.
Klondex Mines (TSE:KDX) traded down 1.72% during midday trading on Tuesday, reaching $4.00. 300,916 shares of the company were exchanged. Klondex Mines has a 52-week low of $3.57 and a 52-week high of $7.95. The stock has a market capitalization of $710.32 million and a price-to-earnings ratio of 95.24. The firm’s 50-day moving average price is $4.44 and its 200 day moving average price is $4.40.
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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 purchased at an average price of C$4.00 per share, for a total transaction of C$100,000.00.
Klondex Mines Company Profile
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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