Scotiabank Downgrades Klondex Mines Ltd. (KDX) to Sector Perform
Scotiabank lowered shares of Klondex Mines Ltd. (TSE:KDX) from an outperform rating to a sector perform rating in a research note published on Wednesday. They currently have C$8.00 price target on the stock, up from their previous price target of C$7.00.
KDX has been the subject of a number of other reports. M Partners reaffirmed a buy rating on shares of Klondex Mines in a research report on Monday, July 18th. Canaccord Genuity increased their price objective on Klondex Mines from C$6.00 to C$6.75 in a research report on Tuesday, July 12th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$7.25 price objective on shares of Klondex Mines in a research report on Monday, August 22nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Klondex Mines has an average rating of Hold and an average price target of C$6.54.
Klondex Mines (TSE:KDX) opened at 7.17 on Wednesday. The firm’s 50-day moving average price is $6.85 and its 200-day moving average price is $5.08. The firm has a market cap of $1.04 billion and a price-to-earnings ratio of 65.18. Klondex Mines has a 1-year low of $2.56 and a 1-year high of $7.63.
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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