Clarus Securities Research Analysts Decrease Earnings Estimates for Klondex Mines Ltd (KDX)
Klondex Mines Ltd (TSE:KDX) – Research analysts at Clarus Securities dropped their FY2018 earnings per share estimates for shares of Klondex Mines in a research note issued to investors on Thursday. Clarus Securities analyst J. Spratt now forecasts that the company will post earnings of $0.44 per share for the year, down from their prior estimate of $0.53. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.46 EPS.
KDX has been the subject of several other research reports. CIBC reduced their price target on shares of Klondex Mines from C$5.00 to C$4.25 in a research report on Tuesday, November 28th. Canaccord Genuity upped their price target on shares of Klondex Mines from C$5.50 to C$6.00 in a research report on Friday, September 29th. Pi Financial upgraded shares of Klondex Mines from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$4.15 to C$4.85 in a research report on Wednesday, September 20th. HC Wainwright restated a “buy” rating on shares of Klondex Mines in a research report on Tuesday, September 19th. Finally, Roth Capital restated a “buy” rating and set a C$5.25 price target on shares of Klondex Mines in a research report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Klondex Mines has a consensus rating of “Buy” and a consensus price target of C$4.80.
Klondex Mines (TSE KDX) opened at C$2.67 on Friday. The firm has a market cap of $478.48, a PE ratio of -11.61 and a beta of -0.38. Klondex Mines has a 1 year low of C$2.10 and a 1 year high of C$7.73.
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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