Royal Bank Of Canada Raises Klondex Mines Ltd. (KDX) Price Target to C$8.50
Klondex Mines Ltd. (TSE:KDX) had its target price boosted by Royal Bank Of Canada from C$7.50 to C$8.50 in a report published on Thursday morning, StockTargetPrices.com reports. They currently have an outperform rating on the stock.
KDX has been the topic of several other research reports. Scotiabank restated an outperform rating and set a C$5.00 target price on shares of Klondex Mines in a research report on Wednesday, July 13th. M Partners restated a buy rating on shares of Klondex Mines in a research report on Monday, July 18th. Canaccord Genuity upped their target price on Klondex Mines from C$6.00 to C$6.75 in a research report on Tuesday, July 12th. Finally, BMO Capital Markets restated a market perform rating and set a C$7.25 target price on shares of Klondex Mines in a research report on Monday, August 22nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Klondex Mines currently has an average rating of Hold and an average price target of C$6.54.
Klondex Mines (TSE:KDX) opened at 7.23 on Thursday. Klondex Mines has a 52-week low of $2.56 and a 52-week high of $7.63. The firm’s 50 day moving average price is $6.86 and its 200 day moving average price is $5.11. The firm has a market cap of $1.05 billion and a price-to-earnings 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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