Zacks: Klondex Mines Ltd (NASDAQ:KLDX) Given Consensus Recommendation of “Strong Buy” by Brokerages
Klondex Mines Ltd (NASDAQ:KLDX) has received an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $3.84 for the company, according to Zacks. Zacks has also assigned Klondex Mines an industry rank of 41 out of 265 based on the ratings given to related companies.
KLDX has been the subject of a number of recent research reports. Zacks Investment Research upgraded Klondex Mines from a “sell” rating to a “hold” rating and set a $5.00 target price for the company in a research report on Wednesday, July 13th. BMO Capital Markets restated a “hold” rating on shares of Klondex Mines in a research report on Thursday, September 15th. Canaccord Genuity downgraded Klondex Mines from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th. Finally, Scotiabank downgraded Klondex Mines from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 13th.
Klondex Mines (NASDAQ:KLDX) opened at 5.80 on Tuesday. The company has a 50 day moving average price of $5.33 and a 200-day moving average price of $3.98. Klondex Mines has a one year low of $1.76 and a one year high of $6.03. The company has a market capitalization of $839.96 million and a PE ratio of 52.73.
Klondex Mines Company Profile
Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).
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