Klondex Mines (KLDX) vs. Its Rivals Financial Analysis
Klondex Mines (NASDAQ: KLDX) is one of 73 public companies in the “Gold Mining” industry, but how does it contrast to its rivals? We will compare Klondex Mines to similar companies based on the strength of its analyst recommendations, earnings, profitability, institutional ownership, risk, valuation and dividends.
Volatility & Risk
Klondex Mines has a beta of 0.13, indicating that its stock price is 87% less volatile than the S&P 500. Comparatively, Klondex Mines’ rivals have a beta of -0.25, indicating that their average stock price is 125% less volatile than the S&P 500.
This table compares Klondex Mines and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Klondex Mines Competitors||-2,700.88%||-9.22%||-4.37%|
Institutional & Insider Ownership
44.2% of shares of all “Gold Mining” companies are owned by institutional investors. 8.3% of shares of all “Gold Mining” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Valuation & Earnings
This table compares Klondex Mines and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Klondex Mines Competitors||$2.41 billion||-$32.21 million||149.13|
Klondex Mines’ rivals have higher revenue, but lower earnings than Klondex Mines. Klondex Mines is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent ratings and price targets for Klondex Mines and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Klondex Mines Competitors||483||1830||2169||49||2.39|
Klondex Mines currently has a consensus price target of $5.75, suggesting a potential upside of 100.35%. As a group, “Gold Mining” companies have a potential upside of 49.54%. Given Klondex Mines’ stronger consensus rating and higher possible upside, equities analysts clearly believe Klondex Mines is more favorable than its rivals.
Klondex Mines beats its rivals on 7 of the 11 factors compared.
Klondex Mines Company Profile
Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada. Its segments include Fire Creek, Midas, True North, and Corporate and other. Its over 1,000 tons per day milling facility processes mineralized materials from the Midas Mine and the Fire Creek Mine. The Midas Mine is a gold-silver vein deposit located a mile from the town of Midas, Nevada. It also owns an underground mine project located in Manitoba, Canada, which includes the Rice Lake Mine and Mill complex, and early-stage exploration properties located in the State of Nevada, the United States, and Manitoba and Ontario, Canada. The Company’s milling and processing facilities are located at Midas process ore from both Midas and Fire Creek in the State of Nevada.
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