Klondex Mines Ltd. (KDX) Receives Sector Perform Rating from Scotiabank
Scotiabank reissued their sector perform rating on shares of Klondex Mines Ltd. (TSE:KDX) in a research report report published on Wednesday. Scotiabank currently has a C$8.00 target price on the stock.
A number of other analysts also recently commented on KDX. Canaccord Genuity boosted their price objective on shares of Klondex Mines from C$6.00 to C$6.75 in a report on Tuesday, July 12th. M Partners reaffirmed a buy rating on shares of Klondex Mines in a report on Monday, July 18th. BMO Capital Markets reaffirmed a market perform rating and issued a C$7.25 price target on shares of Klondex Mines in a report on Monday, August 22nd. Royal Bank Of Canada upped their price target on shares of Klondex Mines from C$7.50 to C$8.50 and gave the company an outperform rating in a report on Thursday, September 15th. Finally, Dundee Securities upped their price target on shares of Klondex Mines from C$5.50 to C$8.25 in a report on Thursday, September 15th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$7.06.
Shares of Klondex Mines (TSE:KDX) opened at 6.94 on Wednesday. The firm has a market cap of $1.01 billion and a P/E ratio of 63.09. Klondex Mines has a 12-month low of $2.56 and a 12-month high of $7.84. The company has a 50-day moving average of $7.10 and a 200 day moving average of $5.46.
About Klondex Mines
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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