Klondex Mines (KDX) Cut to Sector Perform at Royal Bank of Canada

Royal Bank of Canada lowered shares of Klondex Mines (TSE:KDX) from an outperform rating to a sector perform rating in a report issued on Wednesday morning. Royal Bank of Canada currently has C$3.00 price objective on the stock, down from their prior price objective of C$4.50.

Other equities analysts also recently issued reports about the company. Canaccord Genuity decreased their price target on Klondex Mines from C$4.50 to C$4.25 in a research note on Friday, January 19th. CIBC decreased their price target on Klondex Mines from C$4.25 to C$3.25 in a research note on Thursday, January 11th. Clarus Securities reiterated an accumulate rating on shares of Klondex Mines in a research note on Monday. BMO Capital Markets reiterated a market perform rating and issued a C$5.00 price target on shares of Klondex Mines in a research note on Tuesday, October 24th. Finally, Scotiabank set a C$4.50 price target on Klondex Mines and gave the stock a sector perform rating in a research note on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Klondex Mines presently has a consensus rating of Buy and an average target price of C$4.11.

Klondex Mines (KDX) opened at C$2.21 on Wednesday. The company has a market capitalization of $395.49, a PE ratio of -9.61 and a beta of -0.58. Klondex Mines has a 52 week low of C$2.04 and a 52 week high of C$7.73.

Klondex Mines (TSE:KDX) last posted its quarterly earnings results on Thursday, November 9th. The company reported C($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.10). Klondex Mines had a negative return on equity of 18.97% and a negative net margin of 27.41%.

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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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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