Klondex Mines Ltd (KDX) Trading Down 3.9%
Klondex Mines Ltd (TSE:KDX) was down 3.9% on Wednesday . The stock traded as low as C$3.93 and last traded at C$3.97. Approximately 282,876 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 708,251 shares. The stock had previously closed at C$4.13.
Several equities research analysts recently weighed in on KDX shares. BMO Capital Markets decreased their price target on Klondex Mines from C$5.75 to C$5.25 in a report on Thursday, June 22nd. Laurentian Bank of Canada decreased their price target on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a report on Thursday, August 17th. Laurentian decreased their price target on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a report on Thursday, August 17th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$6.00 price target on shares of Klondex Mines in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$6.44.
The company has a market capitalization of $710.32 million and a PE ratio of 95.24. The firm has a 50 day moving average of $4.03 and a 200 day moving average of $4.75.
In related news, Director Blair Schultz acquired 25,000 shares of Klondex Mines stock in a transaction that occurred on Wednesday, August 30th. The stock was acquired at an average price of C$4.00 per share, for a total transaction of C$100,000.00.
About Klondex Mines
Klondex Mines Ltd., together with its subsidiaries, acquires, explores, develops, and produces mineral properties in the United States and Canada. It explores for gold and silver deposits. The company holds 100% interests in the Fire Creek Property covering approximately 17,000 acres located in Lander County; the Midas mine and mill covering approximately 30,000 acres located in Elko County; and the True North gold mine and mill in Manitoba, Canada.
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