Klondex Mines’ (KDX) Sector Perform Rating Reaffirmed at Scotiabank

Scotiabank reaffirmed their sector perform rating on shares of Klondex Mines Ltd (TSE:KDX) in a research note published on Friday morning. Scotiabank currently has a C$6.00 price objective on the stock.

KDX has been the topic of a number of other research reports. Royal Bank Of Canada dropped their price objective on shares of Klondex Mines from C$7.50 to C$4.50 and set an outperform rating on the stock in a research note on Tuesday. BMO Capital Markets reaffirmed a market perform rating and set a C$5.00 price objective on shares of Klondex Mines in a research note on Tuesday, October 24th. HC Wainwright reaffirmed a buy rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Pi Financial raised shares of Klondex Mines from a neutral rating to a buy rating and raised their price objective for the stock from C$4.15 to C$4.85 in a research note on Wednesday, September 20th. Finally, Laurentian dropped their price objective on shares of Klondex Mines from C$6.15 to C$5.80 and set a buy rating on the stock in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of C$5.36.

Shares of Klondex Mines (TSE:KDX) traded up C$0.01 during midday trading on Friday, hitting C$3.26. 1,115,700 shares of the stock were exchanged, compared to its average volume of 827,030. Klondex Mines has a twelve month low of C$2.75 and a twelve month high of C$7.73.

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In other news, Director Blair Schultz acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were bought at an average price of C$4.00 per share, for a total transaction of C$100,000.00.

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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