Clarus Securities Equities Analysts Lower Earnings Estimates for Klondex Mines Ltd (KDX)
Klondex Mines Ltd (TSE:KDX) – Clarus Securities cut their FY2017 earnings per share (EPS) estimates for shares of Klondex Mines in a research note issued to investors on Monday. Clarus Securities analyst J. Spratt now forecasts that the company will post earnings per share of $0.10 for the year, down from their previous estimate of $0.16.
Other analysts also recently issued reports about the stock. CIBC dropped their price objective on shares of Klondex Mines from C$6.00 to C$5.00 in a report on Monday. Canaccord Genuity upped their price objective on shares of Klondex Mines from C$5.50 to C$6.00 in a report on Friday, September 29th. Roth Capital reaffirmed a “buy” rating and issued a C$5.25 price objective on shares of Klondex Mines in a report on Wednesday, October 4th. HC Wainwright reaffirmed a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. Finally, Pi Financial raised shares of Klondex Mines from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$4.15 to C$4.85 in a report on Wednesday, September 20th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$5.36.
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Shares of Klondex Mines (KDX) opened at C$2.80 on Tuesday. Klondex Mines has a twelve month low of C$2.75 and a twelve month high of C$7.73.
In other news, Director Blair Schultz bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average cost of C$4.00 per share, for a total transaction of C$100,000.00.
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.
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