Klondex Mines Ltd (KDX) PT Raised to C$6.00 at Canaccord Genuity
Klondex Mines Ltd (TSE:KDX) had its price target upped by equities researchers at Canaccord Genuity from C$5.50 to C$6.00 in a report issued on Friday. Canaccord Genuity’s price objective would suggest a potential upside of 31.87% from the stock’s previous close.
Several other research analysts have also commented on KDX. BMO Capital Markets reduced their price target on Klondex Mines from C$5.75 to C$5.25 in a research report on Thursday, June 22nd. Scotiabank set a C$6.00 price target on Klondex Mines and gave the stock a “sector perform” rating in a research report on Thursday, June 22nd. Laurentian reduced their price target on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a research report on Thursday, August 17th. Laurentian Bank of Canada reduced their price target on Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a research report on Thursday, August 17th. Finally, Pi Financial raised Klondex Mines from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$4.15 to C$4.85 in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$5.90.
Shares of Klondex Mines (TSE KDX) opened at 4.55 on Friday. The company has a 50-day moving average of $4.07 and a 200 day moving average of $4.65. Klondex Mines has a 52-week low of $3.57 and a 52-week high of $7.95. The firm’s market cap is $806.77 million.
In other Klondex Mines news, Director Blair Schultz bought 25,000 shares of Klondex Mines stock in a transaction that occurred on Wednesday, August 30th. The shares were 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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