Klondex Mines (KDX) Given a C$4.50 Price Target at Scotiabank

Klondex Mines (TSE:KDX) has been assigned a C$4.50 price target by Scotiabank in a research note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 63.04% from the stock’s previous close.

A number of other research firms have also commented on KDX. BMO Capital Markets cut their price objective on Klondex Mines from C$3.75 to C$3.25 and set a “market perform” rating on the stock in a research note on Wednesday, January 10th. Roth Capital reaffirmed a “buy” rating and issued a C$5.25 price objective on shares of Klondex Mines in a research note on Wednesday, October 4th. Canaccord Genuity lifted their price objective on Klondex Mines from C$5.50 to C$6.00 in a research note on Friday, September 29th. CIBC cut their price objective on Klondex Mines from C$6.00 to C$5.00 in a research note on Monday, November 13th. Finally, Royal Bank of Canada cut their price objective on Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating on the stock in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Klondex Mines presently has a consensus rating of “Buy” and a consensus target price of C$4.61.

Klondex Mines (KDX) remained flat at $C$2.76 during trading on Monday. The company had a trading volume of 409,463 shares, compared to its average volume of 666,582. The company has a market capitalization of $493.13, a price-to-earnings ratio of -12.00 and a beta of -0.38. Klondex Mines has a one year low of C$2.10 and a one year high of C$7.73.

Klondex Mines (TSE:KDX) last posted its quarterly earnings data on Thursday, November 9th. The company reported C($0.05) EPS for the quarter, missing the Zacks’ consensus estimate 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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