Klondex Mines (TSE:KDX) Price Target Cut to C$3.25 by Analysts at BMO Capital Markets

Klondex Mines (TSE:KDX) had its price objective decreased by stock analysts at BMO Capital Markets from C$3.75 to C$3.25 in a research note issued to investors on Wednesday, January 10th. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 33.20% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on KDX. HC Wainwright reissued a “buy” rating on shares of Klondex Mines in a research report on Tuesday, September 19th. Canaccord Genuity increased their price target on Klondex Mines from C$5.50 to C$6.00 in a research report on Friday, September 29th. Scotiabank reduced their price target on Klondex Mines from C$5.25 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada reduced their price target on Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Finally, Roth Capital restated a “buy” rating and set a C$5.25 target price on shares of Klondex Mines in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Klondex Mines has an average rating of “Buy” and an average target price of C$4.61.

Shares of Klondex Mines (TSE:KDX) traded down C$0.36 during trading hours on Wednesday, reaching C$2.44. The company had a trading volume of 864,900 shares, compared to its average volume of 563,892. The firm has a market capitalization of $456.25, a P/E ratio of -10.61 and a beta of -0.58. Klondex Mines has a 1-year low of C$2.10 and a 1-year high of C$7.73.

Klondex Mines (TSE:KDX) last issued its quarterly earnings results on Thursday, November 9th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ 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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