Klondex Mines Ltd (KDX) Given Sector Perform Rating at Scotiabank

Scotiabank reissued their sector perform rating on shares of Klondex Mines Ltd (TSE:KDX) in a research note issued to investors on Friday. Scotiabank currently has a C$6.00 price target on the stock.

A number of other research analysts have also recently weighed in on the stock. CIBC cut their price objective on shares of Klondex Mines from C$7.00 to C$6.00 in a research report on Monday, May 15th. Royal Bank Of Canada cut their price objective on shares of Klondex Mines from C$8.00 to C$7.50 and set an outperform rating on the stock in a research report on Monday, March 27th. Pi Financial cut their price objective on shares of Klondex Mines from C$7.15 to C$6.35 in a research report on Monday, March 27th. Finally, BMO Capital Markets cut their price objective on shares of Klondex Mines from C$5.75 to C$5.25 in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of C$6.62.

Klondex Mines (TSE:KDX) traded up 2.39% during trading on Friday, hitting $4.28. 1,482,407 shares of the company traded hands. The company’s 50 day moving average is $4.49 and its 200-day moving average is $5.67. Klondex Mines has a 52 week low of $3.88 and a 52 week high of $7.95. The stock’s market capitalization is $758.93 million.

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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.

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