Klondex Mines (KDX) Price Target Lowered to C$4.25 at CIBC

Klondex Mines (TSE:KDX) had its target price dropped by CIBC from C$5.00 to C$4.25 in a research note issued on Tuesday. CIBC’s price objective would suggest a potential upside of 33.23% from the company’s previous close.

A number of other research analysts have also recently weighed in on KDX. Scotiabank set a C$6.00 price objective on Klondex Mines and gave the company a “sector perform” rating in a research report on Thursday, November 23rd. Laurentian lowered 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 report on Thursday, August 17th. Laurentian Bank of Canada lowered their price target 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. HC Wainwright reissued a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. Finally, Canaccord Genuity boosted their price target on Klondex Mines from C$5.50 to C$6.00 in a report on Friday, September 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$5.27.

Klondex Mines (KDX) traded up C$0.05 during mid-day trading on Tuesday, hitting C$3.19. The stock had a trading volume of 970,845 shares, compared to its average volume of 825,247. Klondex Mines has a 12-month low of C$2.75 and a 12-month high of C$7.73.

In other news, Director Blair Schultz acquired 25,000 shares of Klondex Mines stock in a transaction on Wednesday, August 30th. The shares were acquired at an average price 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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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