Klondex Mines Ltd (KDX) Stock Rating Reaffirmed by Scotiabank

Klondex Mines Ltd (TSE:KDX)‘s stock had its “sector perform” rating reiterated by equities research analysts at Scotiabank in a research report issued on Friday, July 14th. They currently have a C$6.00 price objective on the stock. Scotiabank’s price target suggests a potential upside of 46.34% from the company’s previous close.

Several other brokerages have also recently commented on KDX. Pi Financial decreased their target price on shares of Klondex Mines from C$7.15 to C$6.35 in a report on Monday, March 27th. Royal Bank Of Canada decreased their target price on shares of Klondex Mines from C$8.00 to C$7.50 and set an “outperform” rating for the company in a report on Monday, March 27th. BMO Capital Markets decreased their target price on shares of Klondex Mines from C$5.75 to C$5.25 in a report on Thursday, June 22nd. Finally, CIBC decreased their target price on shares of Klondex Mines from C$7.00 to C$6.00 in a report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Klondex Mines presently has a consensus rating of “Hold” and an average price target of C$6.62.

Shares of Klondex Mines (KDX) opened at 4.10 on Friday. The stock’s 50 day moving average is $4.19 and its 200-day moving average is $5.23. Klondex Mines has a one year low of $3.57 and a one year high of $7.95. The stock has a market capitalization of $726.98 million and a price-to-earnings ratio of 120.59.

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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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