Klondex Mines Ltd (KDX) Receives Average Recommendation of “Buy” from Analysts
Klondex Mines Ltd (TSE:KDX) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$5.80.
KDX has been the subject of several recent analyst reports. Scotiabank reissued a “sector perform” rating and set a C$6.00 price objective on shares of Klondex Mines in a report on Friday, July 14th. Pi Financial raised shares of Klondex Mines from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$4.15 to C$4.85 in a report on Wednesday, September 20th. Roth Capital reissued a “buy” rating and set a C$5.25 price objective on shares of Klondex Mines in a report on Wednesday, October 4th. Canaccord Genuity raised their price objective on shares of Klondex Mines from C$5.50 to C$6.00 in a report on Friday, September 29th. Finally, HC Wainwright reissued a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th.
Klondex Mines (TSE KDX) opened at 3.87 on Tuesday. Klondex Mines has a 52 week low of $3.57 and a 52 week high of $7.95. The company’s 50 day moving average is $4.39 and its 200-day moving average is $4.36. The firm has a market cap of $687.23 million and a P/E ratio of 92.14.
In other Klondex Mines news, Director Blair Schultz purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was acquired 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 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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