Klondex Mines Ltd (KDX) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Klondex Mines Ltd (TSE:KDX) have been given an average rating of “Buy” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$4.80.

Several equities research analysts have issued reports on KDX shares. CIBC cut their price target on Klondex Mines from C$5.00 to C$4.25 in a report on Tuesday, November 28th. Canaccord Genuity raised their price target on Klondex Mines from C$5.50 to C$6.00 in a report on Friday, September 29th. Pi Financial raised Klondex Mines from a “neutral” rating to a “buy” rating and raised their price target for the company from C$4.15 to C$4.85 in a report on Wednesday, September 20th. HC Wainwright reaffirmed a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. Finally, Roth Capital reaffirmed a “buy” rating and set a C$5.25 price target on shares of Klondex Mines in a report on Wednesday, October 4th.

Shares of Klondex Mines (KDX) opened at C$2.67 on Friday. Klondex Mines has a twelve month low of C$2.10 and a twelve month high of C$7.73. The company has a market capitalization of $478.48, a P/E ratio of -11.61 and a beta of -0.38.

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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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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