Royal Bank Of Canada Raises Klondex Mines Ltd. (KDX) Price Target to C$8.50
Klondex Mines Ltd. (TSE:KDX) had its target price lifted by Royal Bank Of Canada from C$7.50 to C$8.50 in a research note issued to investors on Thursday morning, StockTargetPrices.com reports. The brokerage currently has an outperform rating on the stock.
Several other equities analysts have also recently weighed in on the company. Scotiabank reiterated an outperform rating and set a C$6.25 price objective on shares of Klondex Mines in a report 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 reissued a buy rating on shares of Klondex Mines in a research report on Monday, July 18th. Finally, BMO Capital Markets reissued 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. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$6.54.
Shares of Klondex Mines (TSE:KDX) opened at 7.23 on Thursday. The firm’s 50-day moving average price is $6.86 and its 200-day moving average price is $5.11. Klondex Mines has a 12 month low of $2.56 and a 12 month high of $7.63. The company has a market cap of $1.05 billion and a PE ratio of 65.73.
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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