Klondex Mines Ltd (KDX) Receives Market Perform Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their market perform rating on shares of Klondex Mines Ltd (TSE:KDX) in a research report sent to investors on Tuesday, October 24th. They currently have a C$5.00 price target on the stock.

A number of other research analysts also recently weighed in on KDX. Scotiabank reiterated a sector perform rating and set a C$6.00 price target on shares of Klondex Mines in a report on Friday, July 14th. Laurentian lowered their target price on Klondex Mines from C$6.15 to C$5.80 and set a buy rating on the stock in a research note on Thursday, August 17th. Laurentian Bank of Canada lowered their target price on Klondex Mines from C$6.15 to C$5.80 and set a buy rating on the stock in a research note on Thursday, August 17th. Pi Financial upgraded Klondex Mines from a neutral rating to a buy rating and boosted their target price for the company from C$4.15 to C$4.85 in a research note on Wednesday, September 20th. Finally, HC Wainwright restated a buy rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Klondex Mines currently has a consensus rating of Buy and an average target price of C$5.80.

Shares of Klondex Mines (TSE:KDX) traded down C$0.49 during trading on Tuesday, hitting C$3.16. The stock had a trading volume of 1,867,277 shares, compared to its average volume of 820,572. Klondex Mines has a 12 month low of C$3.11 and a 12 month high of C$7.73.

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In related news, Director Blair Schultz acquired 25,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were bought at an average cost of C$4.00 per share, for a total transaction of C$100,000.00.

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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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