Haywood Securities Weighs in on Klondex Mines Ltd.’s FY2016 Earnings (KDX)
Klondex Mines Ltd. (TSE:KDX) – Equities researchers at Haywood Securities decreased their FY2016 earnings per share (EPS) estimates for shares of Klondex Mines in a research note issued to investors on Thursday. Haywood Securities analyst T. Hassan now anticipates that the brokerage will earn $0.11 per share for the year, down from their prior forecast of $0.14.
A number of other research analysts also recently commented on KDX. Dundee Securities boosted their target price on Klondex Mines from C$5.50 to C$8.25 in a research note on Thursday. Scotiabank reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of Klondex Mines in a research report on Thursday, June 16th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$7.25 price target on shares of Klondex Mines in a research report on Monday, August 22nd. Canaccord Genuity cut Klondex Mines from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$6.75 to C$8.00 in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on Klondex Mines from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$6.54.
Shares of Klondex Mines (TSE:KDX) opened at 7.26 on Monday. The firm has a market cap of $1.05 billion and a price-to-earnings ratio of 66.00. The company’s 50 day moving average price is $6.82 and its 200-day moving average price is $5.04. Klondex Mines has a 1-year low of $2.56 and a 1-year high of $7.63.
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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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