Klondex Mines Ltd. (TSE:KDX)‘s stock had its “sector perform” rating reissued by stock analysts at Scotiabank in a research note issued on Wednesday, StockTargetPrices.com reports. They currently have a C$8.00 price target on the stock. Scotiabank’s target price points to a potential upside of 22.51% from the stock’s previous close.
A number of other equities research analysts have also issued reports on KDX. Dundee Securities upped their target price on shares of Klondex Mines from C$5.50 to C$8.25 in a research note on Thursday, September 15th. Royal Bank Of Canada upped their target price on shares of Klondex Mines from C$7.50 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, September 15th. M Partners restated a “buy” rating on shares of Klondex Mines in a research note on Monday, July 18th. CIBC assumed coverage on shares of Klondex Mines in a research note on Friday, September 30th. They issued a “sector perform” rating and a C$8.00 target price on the stock. Finally, Canaccord Genuity upped their target price on shares of Klondex Mines from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$7.06.
Shares of Klondex Mines (TSE:KDX) traded up 2.45% during midday trading on Wednesday, reaching $6.69. The company’s stock had a trading volume of 183,830 shares. The company has a market capitalization of $968.85 million and a P/E ratio of 60.82. The stock has a 50 day moving average of $7.10 and a 200-day moving average of $5.45. Klondex Mines has a 1-year low of $2.56 and a 1-year high of $7.84.
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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