Klondex Mines Ltd (KLDX) Downgraded by Scotiabank
Scotiabank lowered shares of Klondex Mines Ltd (NASDAQ:KLDX) from an outperform rating to a sector perform rating in a research note issued to investors on Tuesday, The Fly reports.
Separately, Zacks Investment Research raised Klondex Mines from a sell rating to a hold rating and set a $5.00 target price on the stock in a research report on Wednesday, July 13th.
Klondex Mines (NASDAQ:KLDX) opened at 5.35 on Tuesday. The firm has a market cap of $774.79 million and a P/E ratio of 48.64. The company has a 50-day moving average of $5.15 and a 200 day moving average of $3.86. Klondex Mines has a 52 week low of $1.76 and a 52 week high of $5.94.
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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