Klondex Mines (KDX) Price Target Cut to C$4.25

Klondex Mines (TSE:KDX) had its target price reduced by equities researchers at Canaccord Genuity from C$4.50 to C$4.25 in a research note issued to investors on Friday. Canaccord Genuity’s price objective would indicate a potential upside of 52.88% from the stock’s current price.

Other analysts have also recently issued research reports about the company. BMO Capital Markets cut their target price on Klondex Mines from C$3.75 to C$3.25 and set a “market perform” rating for the company in a research report on Wednesday, January 10th. Scotiabank cut their target price on Klondex Mines from C$5.25 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, January 10th. Roth Capital reiterated a “buy” rating and set a C$5.25 target price on shares of Klondex Mines in a research report on Wednesday, October 4th. CIBC cut their target price on Klondex Mines from C$6.00 to C$5.00 in a research report on Monday, November 13th. Finally, Royal Bank of Canada cut their target price on Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$4.61.

Shares of Klondex Mines (TSE KDX) traded up C$0.02 on Friday, reaching C$2.78. The company’s stock had a trading volume of 279,508 shares, compared to its average volume of 686,360. The stock has a market capitalization of $495.00, a PE ratio of -12.09 and a beta of -0.38. Klondex Mines has a fifty-two week low of C$2.10 and a fifty-two week high of C$7.73.

Klondex Mines (TSE:KDX) last issued its quarterly earnings results on Thursday, November 9th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). Klondex Mines had a negative return on equity of 18.97% and a negative net margin of 27.41%.

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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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