Analysts Set Klondex Mines Ltd (KDX) Price Target at $4.11

Shares of Klondex Mines Ltd (TSE:KDX) have received an average rating of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$4.11.

Several analysts have recently commented on KDX shares. Canaccord Genuity reduced their price objective on shares of Klondex Mines from C$4.50 to C$4.25 in a research report on Friday, January 19th. CIBC reduced their price objective on shares of Klondex Mines from C$4.25 to C$3.25 in a research report on Thursday, January 11th. Clarus Securities reaffirmed an “accumulate” rating on shares of Klondex Mines in a research report on Monday, February 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$5.00 price objective on shares of Klondex Mines in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada reduced their price objective on shares of Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating for the company in a research report on Tuesday, November 14th.

Shares of Klondex Mines (TSE KDX) traded down C$0.09 during mid-day trading on Thursday, hitting C$2.03. 4,506,700 shares of the stock traded hands, compared to its average volume of 596,367. The firm has a market cap of $365.63, a P/E ratio of -8.83 and a beta of -0.58. Klondex Mines has a one year low of C$1.95 and a one year high of C$7.73.

Klondex Mines (TSE:KDX) last announced its quarterly earnings data on Thursday, November 9th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.10). The company had revenue of C$61.28 million for the quarter, compared to analyst estimates of C$66.14 million. Klondex Mines had a negative return on equity of 18.97% and a negative net margin of 27.41%.

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About Klondex Mines

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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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