Klondex Mines Ltd (KDX) Given “Sector Perform” Rating at Scotiabank
Klondex Mines Ltd (TSE:KDX)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Scotiabank in a research report issued on Monday. They currently have a C$6.00 price objective on the stock. Scotiabank’s price target would indicate a potential upside of 40.52% from the stock’s previous close.
A number of other research firms also recently commented on KDX. BMO Capital Markets dropped their price objective on Klondex Mines from C$5.75 to C$5.25 in a report on Thursday, June 22nd. Laurentian Bank of Canada dropped their price objective on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a report on Thursday, August 17th. Finally, Laurentian dropped their price objective on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$6.21.
Klondex Mines (TSE KDX) traded up 2.11% on Monday, hitting $4.36. The stock had a trading volume of 456,850 shares. The firm has a market cap of $774.24 million and a price-to-earnings ratio of 103.81. The company’s 50-day moving average price is $4.05 and its 200 day moving average price is $4.72. Klondex Mines has a one year low of $3.57 and a one year high of $7.95.
In other news, Director Blair Schultz acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of C$4.00 per share, with a total value of C$100,000.00.
About Klondex Mines
Klondex Mines Ltd., together with its subsidiaries, acquires, explores, develops, and produces mineral properties in the United States and Canada. It explores for gold and silver deposits. The company holds 100% interests in the Fire Creek Property covering approximately 17,000 acres located in Lander County; the Midas mine and mill covering approximately 30,000 acres located in Elko County; and the True North gold mine and mill in Manitoba, Canada.
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