Clarus Securities Comments on Klondex Mines Ltd’s FY2018 Earnings (KDX)

Klondex Mines Ltd (TSE:KDX) – Clarus Securities dropped their FY2018 earnings per share estimates for shares of Klondex Mines in a note issued to investors on Thursday, Zacks Investment Research reports. Clarus Securities analyst J. Spratt now forecasts that the company will earn $0.44 per share for the year, down from their previous estimate of $0.53. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.46 EPS.

KDX has been the subject of a number of other reports. CIBC decreased their target price on Klondex Mines from C$6.00 to C$5.00 in a research report on Monday, November 13th. Scotiabank set a C$4.50 target price on Klondex Mines and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Canaccord Genuity decreased their target price on Klondex Mines from C$4.50 to C$4.25 in a research report on Friday, January 19th. BMO Capital Markets decreased their target price on Klondex Mines from C$3.75 to C$3.25 and set a “market perform” rating for the company in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada decreased their target price on Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Klondex Mines has an average rating of “Buy” and an average price target of C$4.61.

Shares of Klondex Mines (TSE:KDX) traded up C$0.13 during midday trading on Friday, hitting C$2.57. The company had a trading volume of 514,880 shares, compared to its average volume of 561,931. The firm has a market cap of $438.24, a PE ratio of -11.17 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 announced its earnings results on Thursday, November 9th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). Klondex Mines had a negative net margin of 27.41% and a negative return on equity of 18.97%.

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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.

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Earnings History and Estimates for Klondex Mines (TSE:KDX)

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