Zacks: Brokerages Set $3.84 Target Price for Klondex Mines Ltd (KLDX)
Klondex Mines Ltd (NASDAQ:KLDX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $3.84 for the company, according to Zacks. Zacks has also assigned Klondex Mines an industry rank of 21 out of 265 based on the ratings given to related companies.
KLDX has been the topic of several analyst reports. Zacks Investment Research lowered Klondex Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. BMO Capital Markets reissued a “hold” rating on shares of Klondex Mines in a research note on Thursday, September 15th. Canaccord Genuity cut Klondex Mines from a “buy” rating to a “hold” rating in a research note on Thursday, September 15th. Finally, Scotiabank cut Klondex Mines from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 13th.
A hedge fund recently raised its stake in Klondex Mines stock. Creative Planning raised its stake in Klondex Mines Ltd (NASDAQ:KLDX) by 6.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 32,000 shares of the company’s stock after buying an additional 2,000 shares during the period. Creative Planning’s holdings in Klondex Mines were worth $184,000 as of its most recent SEC filing.
Shares of Klondex Mines (NASDAQ:KLDX) traded down 2.04% on Friday, reaching $5.28. 109,763 shares of the company traded hands. Klondex Mines has a 52-week low of $1.76 and a 52-week high of $6.03. The firm has a 50-day moving average of $5.42 and a 200-day moving average of $4.24. The company has a market capitalization of $764.65 million and a PE ratio of 48.00.
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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