Scotiabank Lowers Klondex Mines (KDX) Price Target to C$4.50
Klondex Mines (TSE:KDX) had its price target decreased by Scotiabank from C$5.25 to C$4.50 in a research report report published on Wednesday. Scotiabank currently has a sector perform rating on the stock.
A number of other research firms have also recently issued reports on KDX. Roth Capital reiterated a buy rating and issued a C$5.25 target price on shares of Klondex Mines in a research note on Wednesday, October 4th. HC Wainwright reiterated a buy rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Canaccord Genuity raised their target price on Klondex Mines from C$5.50 to C$6.00 in a research note on Friday, September 29th. Pi Financial upgraded shares of Klondex Mines from a neutral rating to a buy rating and lifted their price objective for the company from C$4.15 to C$4.85 in a research note on Wednesday, September 20th. Finally, BMO Capital Markets restated a market perform rating and set a C$5.00 price objective on shares of Klondex Mines in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Klondex Mines presently has an average rating of Buy and a consensus target price of C$4.80.
Shares of Klondex Mines (KDX) opened at C$2.67 on Wednesday. The stock has a market capitalization of $478.48, a price-to-earnings ratio of -11.61 and a beta of -0.38. Klondex Mines has a one year low of C$2.10 and a one year high of C$7.73.
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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.
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