Scotiabank Reaffirms Tender Rating for Klondex Mines (KDX)

Scotiabank reiterated their tender rating on shares of Klondex Mines (TSE:KDX) in a research note issued to investors on Thursday. They currently have a C$3.05 price objective on the stock.

KDX has been the subject of a number of other reports. Canaccord Genuity boosted their price objective on Klondex Mines from C$2.75 to C$3.00 in a report on Monday, April 23rd. Clarus Securities reissued a speculative buy rating on shares of Klondex Mines in a report on Friday, March 16th. HC Wainwright lowered Klondex Mines from a buy rating to a neutral rating in a report on Tuesday, March 20th. Royal Bank of Canada decreased their price objective on Klondex Mines from C$3.00 to C$2.50 and set a sector perform rating for the company in a report on Monday, March 19th. Finally, BMO Capital Markets decreased their price objective on Klondex Mines from C$3.75 to C$3.25 and set a market perform rating for the company in a report on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$4.08.

Shares of KDX opened at C$3.13 on Thursday. Klondex Mines has a 52 week low of C$1.66 and a 52 week high of C$5.03.

Klondex Mines (TSE:KDX) last issued its quarterly earnings data on Wednesday, March 14th. The company reported C$0.01 EPS for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.05. The firm had revenue of C$80.39 million during the quarter, compared to analyst estimates of C$86.49 million. Klondex Mines had a negative return on equity of 18.97% and a negative net margin of 27.41%.

In other Klondex Mines news, insider Global Resource Manag Waterton bought 19,500 shares of Klondex Mines stock in a transaction dated Wednesday, March 7th. The stock was bought at an average cost of C$1.77 per share, with a total value of C$34,515.00. Over the last ninety days, insiders bought 1,673,549 shares of company stock valued at $2,926,224.

Klondex Mines Company Profile

Klondex Mines Ltd., together with its subsidiaries, acquires, explores, develops, and produces mineral properties in the United States and Canada. It primarily explores for gold and silver deposits. The company holds 100% interests in the Fire Creek mine covering approximately 19,000 acres located in Lander County; the Midas mine and ore milling facility covering approximately 30,000 acres situated in Elko County; and the Hollister mine approximately 18,000 acres located in Elko County.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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