Published On: Wed, Sep 14th, 2016

Klondex Mines Ltd. (TSE:KDX) Receives Average Rating of “Buy” from Brokerages

Shares of Klondex Mines Ltd. (TSE:KDX) have been assigned an average rating of “Buy” from the eleven ratings firms that are presently covering the firm. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.54.
A number of equities research analysts have weighed in on KDX shares. Scotiabank restated an “outperform” rating and set a C$6.25 price objective on shares of Klondex Mines in a research note on Wednesday, August 10th. Canaccord Genuity lifted their target price on Klondex Mines from C$6.00 to C$6.75 in a research report on Tuesday, July 12th. M Partners reiterated a “buy” rating on shares of Klondex Mines in a research report on Monday, July 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$7.25 target price on shares of Klondex Mines in a research report on Monday, August 22nd.

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Shares of Klondex Mines (TSE:KDX) traded down 0.55% on Wednesday, reaching $7.20. The company had a trading volume of 555,797 shares. The company has a market capitalization of $1.04 billion and a price-to-earnings ratio of 65.45. Klondex Mines has a 12 month low of $2.56 and a 12 month high of $7.63. The stock has a 50 day moving average price of $6.70 and a 200-day moving average price of $4.98.
Klondex Mines Company Profile
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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