Klondex Mines (KDX) Given New C$4.25 Price Target at Canaccord Genuity

Klondex Mines (TSE:KDX) had its target price reduced by Canaccord Genuity from C$4.50 to C$4.25 in a report published on Friday.

KDX has been the topic of several other reports. CIBC cut their price target on shares of Klondex Mines from C$5.00 to C$4.25 in a research note on Tuesday, November 28th. Scotiabank set a C$6.00 price target on shares of Klondex Mines and gave the stock a sector perform rating in a research note on Thursday, November 23rd. Royal Bank of Canada cut their price target on shares of Klondex Mines from C$7.50 to C$4.50 and set an outperform rating on the stock in a research note on Tuesday, November 14th. BMO Capital Markets reiterated a market perform rating and set a C$5.00 price target on shares of Klondex Mines in a research note on Tuesday, October 24th. Finally, Roth Capital reiterated a buy rating and set a C$5.25 price target on shares of Klondex Mines in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Klondex Mines has a consensus rating of Buy and an average price target of C$4.61.

Shares of Klondex Mines (KDX) remained flat at $C$2.76 during trading hours on Friday. The company’s stock had a trading volume of 409,500 shares, compared to its average volume of 666,582. Klondex Mines has a 52 week low of C$2.10 and a 52 week high of C$7.73. The stock has a market capitalization of $495.00, a price-to-earnings ratio of -12.00 and a beta of -0.38.

Klondex Mines (TSE:KDX) last announced its quarterly earnings results on Thursday, November 9th. The company reported C($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.10). Klondex Mines had a negative return on equity of 18.97% and a negative net margin of 27.41%.

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About Klondex Mines

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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