Scotiabank Lowers Klondex Mines Ltd (KDX) Price Target to C$6.75

Klondex Mines Ltd (TSE:KDX) had its price objective cut by stock analysts at Scotiabank from C$7.00 to C$6.75 in a research report issued on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 22.28% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Canaccord Genuity raised their price target on shares of Klondex Mines from C$6.75 to C$7.00 in a report on Friday, February 3rd. CIBC cut their price target on shares of Klondex Mines from C$8.00 to C$7.50 in a report on Friday, January 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Klondex Mines currently has an average rating of “Hold” and a consensus target price of C$6.95.

Analyst Recommendations for Klondex Mines (TSE:KDX)

Klondex Mines (TSE:KDX) opened at 5.52 on Friday. The company’s market cap is $978.76 million. Klondex Mines has a 52 week low of $3.40 and a 52 week high of $7.95. The company has a 50-day moving average of $6.86 and a 200-day moving average of $6.76.

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In related news, Director Blair Schultz sold 100,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of C$6.45, for a total transaction of C$645,000.00. Also, Director William Matlack sold 73,200 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of C$7.16, for a total transaction of C$524,112.00. Insiders have sold a total of 382,284 shares of company stock valued at $2,730,323 in the last ninety days.

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.

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